Hixon Zuercher LLC Grows Position in Exxon Mobil Corporation $XOM

Hixon Zuercher LLC raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,308 shares of the oil and gas company’s stock after purchasing an additional 709 shares during the quarter. Exxon Mobil makes up approximately 2.0% of Hixon Zuercher LLC’s portfolio, making the stock its 17th largest holding. Hixon Zuercher LLC’s holdings in Exxon Mobil were worth $6,070,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XOM. Axis Wealth Partners LLC increased its position in shares of Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after buying an additional 90 shares during the period. Park Edge Advisors LLC increased its position in shares of Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after buying an additional 91 shares during the period. Willow Creek Wealth Management Inc. increased its position in shares of Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock valued at $285,000 after buying an additional 91 shares during the period. Chapin Davis Inc. increased its position in shares of Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after buying an additional 93 shares during the period. Finally, Cascade Investment Group Inc. increased its position in shares of Exxon Mobil by 2.1% during the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock valued at $476,000 after buying an additional 93 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group upped their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Barclays decreased their price objective 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. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Mizuho decreased their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Stock Up 0.4%

Shares of XOM opened at $115.89 on Tuesday. The firm has a market cap of $494.07 billion, a P/E ratio of 16.46, a P/E/G ratio of 2.05 and a beta of 0.51. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. 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 stock has a 50 day simple moving average of $112.77 and a two-hundred day simple moving average of $109.63.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

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.