Riverbend Wealth Management LLC Grows Position in Exxon Mobil Corporation $XOM

Riverbend Wealth Management LLC raised its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,487 shares of the oil and gas company’s stock after buying an additional 514 shares during the quarter. Riverbend Wealth Management LLC’s holdings in Exxon Mobil were worth $699,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XOM. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its stake in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Piper Sandler set a $141.00 price target on Exxon Mobil in a research note on Tuesday, October 7th. Mizuho decreased their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Finally, Wells Fargo & Company began coverage on Exxon Mobil in a research note on Friday. They set an “overweight” rating and a $156.00 price target for the company. Two equities research 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction 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 transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Up 1.4%

XOM opened at $112.20 on Monday. The stock’s fifty day moving average is $111.83 and its two-hundred day moving average is $109.16. The company has a market capitalization of $478.35 billion, a P/E ratio of 15.94, a PEG ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. 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 (NYSE:XOM) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current 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 dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.