Walker Asset Management LLC Buys 140 Shares of Exxon Mobil Corporation $XOM

Walker Asset Management LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,944 shares of the oil and gas company’s stock after acquiring an additional 140 shares during the quarter. Exxon Mobil comprises approximately 1.0% of Walker Asset Management LLC’s holdings, making the stock its 16th largest holding. Walker Asset Management LLC’s holdings in Exxon Mobil were worth $1,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Baker Tilly Wealth Management LLC increased its holdings in Exxon Mobil by 23.1% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 14,004 shares of the oil and gas company’s stock valued at $1,665,000 after buying an additional 2,624 shares during the period. NBC Securities Inc. increased its holdings in Exxon Mobil by 105,227.9% in the 1st quarter. NBC Securities Inc. now owns 45,291 shares of the oil and gas company’s stock valued at $5,386,000 after buying an additional 45,248 shares during the period. Sweeney & Michel LLC bought a new stake in Exxon Mobil in the 1st quarter valued at $498,000. McNaughton Wealth Management LLC bought a new stake in Exxon Mobil in the 1st quarter valued at $207,000. Finally, Strong Tower Advisory Services increased its holdings in Exxon Mobil by 15.0% in the 1st quarter. Strong Tower Advisory Services now owns 61,276 shares of the oil and gas company’s stock valued at $7,288,000 after buying an additional 7,972 shares during the period. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Down 2.6%

Shares of NYSE XOM opened at $114.13 on Tuesday. The firm’s 50-day simple moving average is $110.96 and its 200 day simple moving average is $109.54. The company has a market cap of $486.56 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 2.13 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for 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%. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 EPS. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated 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 owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on XOM. Melius Research began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Bank of America boosted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. UBS Group boosted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Finally, Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $125.00.

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.