Whelan Financial Purchases 214 Shares of Exxon Mobil Corporation $XOM

Whelan Financial raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,681 shares of the oil and gas company’s stock after purchasing an additional 214 shares during the quarter. Whelan Financial’s holdings in Exxon Mobil were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the 1st quarter valued at $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its position in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil during the second quarter valued at approximately $38,000. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.8%

Shares of XOM opened at $113.25 on Monday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $111.15 and a two-hundred day simple moving average of $109.48. The firm has a market cap of $482.81 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period in the previous year, the business posted $2.14 EPS. The business’s quarterly revenue was down 12.4% on a year-over-year basis. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of several recent analyst reports. Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. UBS Group increased their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Saturday, September 27th. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the stock an “overweight” rating in a report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Hold” and a consensus price target of $125.00.

About Exxon Mobil

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.