Krilogy Financial LLC Increases Stock Holdings in Exxon Mobil Corporation $XOM

Krilogy Financial LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,983 shares of the oil and gas company’s stock after purchasing an additional 1,638 shares during the period. Krilogy Financial LLC’s holdings in Exxon Mobil were worth $2,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of XOM. Park Edge Advisors LLC lifted its stake in shares of Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after purchasing an additional 91 shares during the last quarter. Axis Wealth Partners LLC raised its holdings in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company’s stock valued at $591,000 after buying an additional 93 shares during the period. Gagnon Securities LLC raised its holdings in Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock valued at $860,000 after buying an additional 95 shares during the period. Ascent Capital Management LLC boosted its stake in Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company’s stock worth $584,000 after buying an additional 96 shares during the period. Finally, DDD Partners LLC increased its position in shares of Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company’s stock valued at $810,000 after acquiring an additional 96 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Royal Bank Of Canada restated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Mizuho decreased their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday. Melius Research began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $124.76.

Exxon Mobil Trading Up 2.0%

NYSE XOM opened at $114.64 on Wednesday. The firm’s fifty day moving average price is $110.59 and its 200 day moving average price is $109.19. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. 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 capitalization of $488.74 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth 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, beating the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.14 earnings per share. On average, sell-side analysts expect 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 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 currently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company’s stock.

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.