Aviance Capital Partners LLC Purchases 826 Shares of Exxon Mobil Corporation $XOM

Aviance Capital Partners LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,619 shares of the oil and gas company’s stock after purchasing an additional 826 shares during the quarter. Exxon Mobil accounts for approximately 0.9% of Aviance Capital Partners LLC’s holdings, making the stock its 19th biggest position. Aviance Capital Partners LLC’s holdings in Exxon Mobil were worth $7,182,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Kesler Norman & Wride LLC raised its stake in Exxon Mobil by 2.4% during the 2nd quarter. Kesler Norman & Wride LLC now owns 33,785 shares of the oil and gas company’s stock valued at $3,642,000 after purchasing an additional 796 shares during the last quarter. Uniting Wealth Partners LLC raised its stake in shares of Exxon Mobil by 1.2% in the 2nd quarter. Uniting Wealth Partners LLC now owns 44,912 shares of the oil and gas company’s stock valued at $4,842,000 after buying an additional 513 shares in the last quarter. Lifeworks Advisors LLC raised its stake in shares of Exxon Mobil by 5.4% in the 2nd quarter. Lifeworks Advisors LLC now owns 10,287 shares of the oil and gas company’s stock valued at $1,109,000 after buying an additional 530 shares in the last quarter. Twin City Private Wealth LLC raised its stake in shares of Exxon Mobil by 4.1% in the 2nd quarter. Twin City Private Wealth LLC now owns 21,355 shares of the oil and gas company’s stock valued at $2,302,000 after buying an additional 842 shares in the last quarter. Finally, Hutchinson Financial Advisors INC acquired a new position in shares of Exxon Mobil in the 2nd quarter valued at $1,860,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on XOM shares. Mizuho dropped their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Melius Research initiated 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 on the stock. Morgan Stanley upped their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 7th. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction 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. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

NYSE XOM opened at $114.52 on Friday. 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 $123.21. The company has a market capitalization of $488.21 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The firm’s 50 day moving average is $113.26 and its 200-day moving average is $109.99.

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

About Exxon Mobil

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.