Exxon Mobil Corporation $XOM Shares Acquired by Boothe Investment Group Inc.

Boothe Investment Group Inc. raised its position in Exxon Mobil Corporation (NYSE:XOM) by 9.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 32,701 shares of the oil and gas company’s stock after purchasing an additional 2,760 shares during the period. Exxon Mobil comprises approximately 1.3% of Boothe Investment Group Inc.’s portfolio, making the stock its 24th biggest holding. Boothe Investment Group Inc.’s holdings in Exxon Mobil were worth $3,525,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Leelyn Smith LLC grew its stake in Exxon Mobil by 2.0% in the 2nd quarter. Leelyn Smith LLC now owns 29,760 shares of the oil and gas company’s stock valued at $3,208,000 after acquiring an additional 570 shares during the last quarter. Hobart Private Capital LLC acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $256,000. Allied Investment Advisors LLC grew its position in shares of Exxon Mobil by 2.4% in the second quarter. Allied Investment Advisors LLC now owns 118,095 shares of the oil and gas company’s stock valued at $12,731,000 after purchasing an additional 2,772 shares during the last quarter. Peterson Wealth Services grew its position in shares of Exxon Mobil by 2.9% in the second quarter. Peterson Wealth Services now owns 24,791 shares of the oil and gas company’s stock valued at $2,673,000 after purchasing an additional 689 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. grew its position in shares of Exxon Mobil by 4.0% in the second quarter. Richards Merrill & Peterson Inc. now owns 14,049 shares of the oil and gas company’s stock valued at $1,514,000 after purchasing an additional 543 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on XOM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Friday. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Melius Research assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. Finally, Bank of America raised their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $115.39 on Monday. The stock’s 50 day moving average price is $112.58 and its 200 day moving average price is $109.56. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market capitalization of $491.94 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last posted its 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 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion for the quarter. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS 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 issued 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 3.4%. Exxon Mobil’s payout ratio is currently 56.25%.

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.