SilverOak Wealth Management LLC Raises Stake in Exxon Mobil Corporation $XOM

SilverOak Wealth Management LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 12.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,054 shares of the oil and gas company’s stock after purchasing an additional 333 shares during the period. SilverOak Wealth Management LLC’s holdings in Exxon Mobil were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of XOM. GAMMA Investing LLC boosted its position in Exxon Mobil by 20.6% in the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after buying an additional 13,582 shares during the last quarter. Eagle Capital Management LLC boosted its position in Exxon Mobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. purchased a new stake in Exxon Mobil in the first quarter valued at approximately $200,000. Brucke Financial Inc. boosted its position in Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 142 shares during the last quarter. Finally, Curran Financial Partners LLC boosted its position in Exxon Mobil by 27.9% in the first quarter. Curran Financial Partners LLC now owns 8,291 shares of the oil and gas company’s stock valued at $986,000 after buying an additional 1,810 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction 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 completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 1.4%

Shares of XOM stock opened at $112.20 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. The company has a market cap of $478.34 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.02 and a beta of 0.51. The stock has a 50 day simple moving average of $111.83 and a 200-day simple moving average of $109.19. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on XOM shares. Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Barclays lowered their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Wells Fargo & Company assumed coverage on Exxon Mobil in a research report on Friday. They issued an “overweight” rating and a $156.00 price objective on the stock. Finally, Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

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.