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

Walkner Condon Financial Advisors LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 34.0% in the 3rd quarter, HoldingsChannel.com reports. The fund 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 Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth about $6,163,719,000. First Trust Advisors LP increased its holdings in shares of Exxon Mobil by 150.2% during the second quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after purchasing an additional 4,563,707 shares during the period. Cerity Partners LLC boosted its stake in shares of Exxon Mobil by 200.7% in the second quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after buying an additional 4,015,099 shares during the period. Laurel Wealth Advisors LLC grew its holdings in shares of Exxon Mobil by 10,809.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after purchasing an additional 3,066,736 shares in the last quarter. Finally, Mizuho Markets Cayman LP acquired a new position in Exxon Mobil in the second quarter valued at about $144,147,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on XOM shares. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research report on Monday, December 29th. Morgan Stanley boosted their price objective on shares of Exxon Mobil from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Zacks Research downgraded Exxon Mobil from a “hold” rating to a “strong sell” rating in a report on Thursday, January 1st. Finally, Bank of America lowered their price target on Exxon Mobil from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $130.25.

Exxon Mobil Price Performance

XOM stock traded up $0.86 during midday trading on Tuesday, reaching $130.75. 1,729,174 shares of the stock were exchanged, compared to its average volume of 18,589,945. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $131.94. The company has a fifty day moving average price of $119.60 and a 200 day moving average price of $114.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. The stock has a market capitalization of $551.41 billion, a PE ratio of 19.08, a P/E/G ratio of 8.05 and a beta of 0.37.

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 the consensus estimate of $1.72 by $0.16. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The company had revenue of $83.33 billion for the quarter, compared to analysts’ expectations of $83.09 billion. During the same period in the previous year, the business posted $1.92 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared 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 of this dividend was Friday, November 14th. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 annualized dividend and a dividend yield of 3.2%. Exxon Mobil’s payout ratio is 59.88%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were 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 $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company Profile

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.