Wesbanco Bank Inc. Increases Stock Holdings in Exxon Mobil Corporation $XOM

Wesbanco Bank Inc. boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 387,533 shares of the oil and gas company’s stock after purchasing an additional 3,010 shares during the period. Exxon Mobil comprises 1.2% of Wesbanco Bank Inc.’s portfolio, making the stock its 12th biggest holding. Wesbanco Bank Inc.’s holdings in Exxon Mobil were worth $41,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. 10Elms LLP bought a new position in shares of Exxon Mobil in the fourth quarter worth about $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil in the first quarter worth about $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil in the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the period. Finally, Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $32,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on XOM shares. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Piper Sandler lifted their target price on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Finally, Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and an average target price of $124.81.

Exxon Mobil Stock Performance

NYSE:XOM opened at $112.21 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The stock’s 50 day simple moving average is $110.55 and its two-hundred day simple moving average is $109.15. The company has a market cap of $478.38 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57.

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

Exxon Mobil Announces Dividend

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

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $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 available through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil 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.