Wealth Enhancement Advisory Services LLC Has $730,000 Position in Exxon Mobil Co. (NYSE:XOM)

Wealth Enhancement Advisory Services LLC cut its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 87.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,695 shares of the oil and gas company’s stock after selling 67,492 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Exxon Mobil were worth $730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sigma Investment Counselors Inc. raised its stake in Exxon Mobil by 0.4% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 35,823 shares of the oil and gas company’s stock worth $2,745,000 after buying an additional 142 shares during the period. Riverstone Advisors LLC raised its stake in Exxon Mobil by 0.5% during the 2nd quarter. Riverstone Advisors LLC now owns 30,657 shares of the oil and gas company’s stock worth $2,349,000 after buying an additional 142 shares during the period. Alpha Windward LLC raised its stake in Exxon Mobil by 3.1% during the 2nd quarter. Alpha Windward LLC now owns 4,830 shares of the oil and gas company’s stock worth $364,000 after buying an additional 144 shares during the period. Saratoga Research & Investment Management raised its stake in Exxon Mobil by 4.1% during the 2nd quarter. Saratoga Research & Investment Management now owns 3,725 shares of the oil and gas company’s stock worth $285,000 after buying an additional 145 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Exxon Mobil by 0.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 53,396 shares of the oil and gas company’s stock worth $4,092,000 after buying an additional 149 shares during the period. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Robert N. Schleckser sold 9,345 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $70.84, for a total value of $661,999.80. Following the completion of the transaction, the vice president now directly owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Shares of XOM stock traded up $0.07 during trading on Thursday, hitting $69.79. The company’s stock had a trading volume of 372,628 shares, compared to its average volume of 12,464,065. The company has a market cap of $293.85 billion, a PE ratio of 14.15, a P/E/G ratio of 2.00 and a beta of 0.97. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $73.45 and a 200-day moving average of $76.73. Exxon Mobil Co. has a 52 week low of $64.65 and a 52 week high of $87.36.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $64.47 billion. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. Exxon Mobil’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, research analysts predict that Exxon Mobil Co. will post 3.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 13th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Monday, August 12th. Exxon Mobil’s dividend payout ratio is presently 70.59%.

A number of research firms recently weighed in on XOM. Bank of America reaffirmed a “buy” rating and set a $100.00 price target on shares of Exxon Mobil in a research note on Monday, August 5th. Barclays started coverage on Exxon Mobil in a research note on Monday. They set an “equal weight” rating and a $73.00 price target on the stock. Royal Bank of Canada reissued a “neutral” rating and set a $90.00 price objective on shares of Exxon Mobil in a report on Friday, August 2nd. Credit Suisse Group set a $74.00 price objective on Exxon Mobil and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Goldman Sachs Group reissued a “hold” rating and set a $80.00 price objective on shares of Exxon Mobil in a report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.35.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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