Exxon Mobil Corporation $XOM Shares Sold by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC cut its stake in Exxon Mobil Corporation (NYSE:XOM) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,367 shares of the oil and gas company’s stock after selling 800 shares during the quarter. WealthBridge Capital Management LLC’s holdings in Exxon Mobil were worth $1,657,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. New World Advisors LLC increased its position in Exxon Mobil by 34.4% during the second quarter. New World Advisors LLC now owns 14,134 shares of the oil and gas company’s stock worth $1,524,000 after purchasing an additional 3,620 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in Exxon Mobil by 21.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,435,215 shares of the oil and gas company’s stock valued at $154,716,000 after purchasing an additional 253,221 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $4,782,000. Mufg Securities Americas Inc. increased its holdings in shares of Exxon Mobil by 24.0% during the 2nd quarter. Mufg Securities Americas Inc. now owns 95,522 shares of the oil and gas company’s stock worth $10,297,000 after buying an additional 18,467 shares during the last quarter. Finally, Evelyn Partners Investment Management Services Ltd increased its holdings in shares of Exxon Mobil by 89.7% during the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 11,305 shares of the oil and gas company’s stock worth $1,239,000 after buying an additional 5,346 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 0.1%

NYSE:XOM opened at $117.08 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The stock’s fifty day moving average is $114.69 and its two-hundred day moving average is $111.04. The stock has a market capitalization of $493.75 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. Exxon Mobil’s payout ratio is currently 59.88%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XOM. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Bank of America lifted their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Exxon Mobil in a report on Wednesday. Wells Fargo & Company initiated coverage on Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective for the company. Finally, Piper Sandler boosted their price objective on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $128.67.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.