IVC Wealth Advisors LLC Buys 649 Shares of Exxon Mobil Co. (NYSE:XOM)

IVC Wealth Advisors LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,150 shares of the oil and gas company’s stock after acquiring an additional 649 shares during the period. IVC Wealth Advisors LLC’s holdings in Exxon Mobil were worth $947,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XOM. WealthPlan Investment Management LLC boosted its holdings in shares of Exxon Mobil by 8,150.6% during the 3rd quarter. WealthPlan Investment Management LLC now owns 13,861 shares of the oil and gas company’s stock valued at $1,630,000 after buying an additional 13,693 shares in the last quarter. Townsquare Capital LLC boosted its holdings in shares of Exxon Mobil by 4.9% during the 3rd quarter. Townsquare Capital LLC now owns 138,270 shares of the oil and gas company’s stock valued at $16,258,000 after buying an additional 6,483 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Exxon Mobil by 1.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 209,826 shares of the oil and gas company’s stock valued at $24,671,000 after buying an additional 3,276 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its holdings in shares of Exxon Mobil by 1.1% during the 3rd quarter. Stonebridge Capital Advisors LLC now owns 128,838 shares of the oil and gas company’s stock valued at $15,149,000 after buying an additional 1,373 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in shares of Exxon Mobil by 0.4% during the 3rd quarter. Essex Financial Services Inc. now owns 110,348 shares of the oil and gas company’s stock valued at $12,975,000 after buying an additional 464 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Barclays initiated coverage on shares of Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price on the stock. HSBC lifted their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. UBS Group lifted their price target on Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. TD Cowen lifted their price target on Exxon Mobil from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Mizuho lifted their price target on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.82.

Exxon Mobil Price Performance

NYSE XOM opened at $114.76 on Friday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The firm has a market capitalization of $452.50 billion, a P/E ratio of 14.06, a PEG ratio of 4.15 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $114.88 and a 200-day moving average price of $109.95.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The business had revenue of $83.08 billion for the quarter, compared to analysts’ expectations of $79.69 billion. During the same period in the previous year, the company earned $2.83 EPS. Exxon Mobil’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 9.23 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Tuesday, May 14th. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,426 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the completion of the transaction, the vice president now directly owns 25,363 shares in the company, valued at approximately $3,018,450.63. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

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.