Heritage Wealth Management Inc. Texas Grows Position in Exxon Mobil Corporation $XOM

Heritage Wealth Management Inc. Texas increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.8% in the second quarter, Holdings Channel reports. The fund owned 8,573 shares of the oil and gas company’s stock after purchasing an additional 149 shares during the quarter. Exxon Mobil accounts for approximately 0.5% of Heritage Wealth Management Inc. Texas’ portfolio, making the stock its 17th largest position. Heritage Wealth Management Inc. Texas’ holdings in Exxon Mobil were worth $924,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of XOM. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil during the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its position in shares of Exxon Mobil by 1,500.0% during the first 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 last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil during the second quarter valued at about $38,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $115.07 on Wednesday. The firm has a market capitalization of $490.56 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. 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 business has a fifty day moving average of $112.92 and a 200 day moving average of $109.74. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion during the quarter. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insider Transactions at Exxon Mobil

In other Exxon Mobil 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 completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on XOM. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Bank of America increased their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Finally, UBS Group increased their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given 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 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.