Walkner Condon Financial Advisors LLC Has $1.87 Million Stake in Exxon Mobil Corporation $XOM

Walkner Condon Financial Advisors LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 34.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,623 shares of the oil and gas company’s stock after purchasing an additional 4,222 shares during the quarter. Walkner Condon Financial Advisors LLC’s holdings in Exxon Mobil were worth $1,874,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Linscomb Wealth Inc. boosted its stake in shares of Exxon Mobil by 1.4% in the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after purchasing an additional 5,527 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Exxon Mobil by 3.3% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after buying an additional 9,831 shares during the period. Capital Counsel LLC NY boosted its stake in Exxon Mobil by 0.9% in the second quarter. Capital Counsel LLC NY now owns 49,687 shares of the oil and gas company’s stock valued at $5,356,000 after acquiring an additional 460 shares during the last quarter. OneAscent Wealth Management LLC grew its holdings in Exxon Mobil by 116.7% during the 2nd quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after acquiring an additional 4,123 shares during the period. Finally, Regency Capital Management Inc. DE raised its position in shares of Exxon Mobil by 1,082.3% during the 3rd quarter. Regency Capital Management Inc. DE now owns 31,992 shares of the oil and gas company’s stock valued at $3,607,000 after acquiring an additional 29,286 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XOM. UBS Group reiterated a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. TD Cowen upped their price target on Exxon Mobil from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Barclays reduced their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Sanford C. Bernstein decreased their price target on shares of Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Zacks Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $130.25.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the sale, the vice president owned 28,584 shares of the company’s stock, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Stock Up 0.7%

Shares of NYSE:XOM traded up $0.86 during mid-day trading on Tuesday, reaching $130.75. 1,729,174 shares of the stock were exchanged, compared to its average volume of 18,589,945. The stock’s 50 day simple moving average is $119.60 and its 200-day simple moving average is $114.72. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $131.94. The company has a market cap of $551.41 billion, a P/E ratio of 19.08, a P/E/G ratio of 8.05 and a beta of 0.37. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $83.33 billion during the quarter, compared to the consensus estimate of $83.09 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. The business’s revenue was down 5.2% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th were paid a dividend of $1.03 per share. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

About Exxon Mobil

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.