Smith Salley Wealth Management Raises Position in Exxon Mobil Corporation $XOM

Smith Salley Wealth Management increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 16.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 75,176 shares of the oil and gas company’s stock after purchasing an additional 10,643 shares during the period. Smith Salley Wealth Management’s holdings in Exxon Mobil were worth $8,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Game Plan Financial Advisors LLC lifted its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares during the period. Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil during the second quarter worth $38,000. Bare Financial Services Inc raised its position in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares in the last quarter. Clayton Financial Group LLC acquired a new stake in Exxon Mobil in the third quarter valued at $40,000. Finally, Investment Research & Advisory Group Inc. acquired a new stake in Exxon Mobil in the second quarter valued at $42,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total value of $351,570.00. Following the completion of the transaction, the vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XOM. BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a report on Monday. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.45.

Exxon Mobil Stock Performance

Shares of XOM opened at $120.36 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $121.80. The stock has a market cap of $507.58 billion, a P/E ratio of 17.49, a PEG ratio of 7.56 and a beta of 0.37. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $117.18 and a two-hundred day moving average of $113.49.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business had revenue of $57.55 billion for the quarter. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date was Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil’s payout ratio is currently 59.88%.

Exxon Mobil 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.