Exxon Mobil Co. (XOM) Shares Bought by Cliftonlarsonallen Wealth Advisors LLC

Cliftonlarsonallen Wealth Advisors LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,863 shares of the oil and gas company’s stock after purchasing an additional 1,657 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Douglas Lane & Associates LLC boosted its position in Exxon Mobil by 8.6% during the second quarter. Douglas Lane & Associates LLC now owns 52,268 shares of the oil and gas company’s stock worth $4,324,000 after purchasing an additional 4,132 shares in the last quarter. Sumitomo Life Insurance Co. lifted its position in shares of Exxon Mobil by 27.4% in the second quarter. Sumitomo Life Insurance Co. now owns 143,905 shares of the oil and gas company’s stock valued at $11,905,000 after acquiring an additional 30,913 shares in the last quarter. Rossmore Private Capital lifted its position in shares of Exxon Mobil by 1,387.4% in the second quarter. Rossmore Private Capital now owns 119,423 shares of the oil and gas company’s stock valued at $9,880,000 after acquiring an additional 111,394 shares in the last quarter. Iowa State Bank lifted its position in shares of Exxon Mobil by 3.3% in the second quarter. Iowa State Bank now owns 57,941 shares of the oil and gas company’s stock valued at $4,793,000 after acquiring an additional 1,837 shares in the last quarter. Finally, Capital City Trust Co. FL lifted its position in shares of Exxon Mobil by 5.7% in the second quarter. Capital City Trust Co. FL now owns 57,114 shares of the oil and gas company’s stock valued at $4,724,000 after acquiring an additional 3,057 shares in the last quarter. Institutional investors own 52.48% of the company’s stock.

In related news, VP Bradley W. Corson sold 15,000 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $84.02, for a total transaction of $1,260,300.00. Following the transaction, the vice president now directly owns 214,774 shares in the company, valued at $18,045,311.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.08% of the company’s stock.

XOM has been the topic of several recent research reports. Jefferies Financial Group restated a “neutral” rating and issued a $87.00 price objective on shares of Exxon Mobil in a research report on Monday, June 11th. Morningstar set a $85.00 price objective on Exxon Mobil and gave the company a “neutral” rating in a research report on Monday, June 11th. Royal Bank of Canada restated a “buy” rating and issued a $100.00 price objective on shares of Exxon Mobil in a research report on Wednesday, June 13th. Wells Fargo & Co restated a “neutral” rating and issued a $82.00 price objective on shares of Exxon Mobil in a research report on Thursday, June 21st. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $85.00 price objective on shares of Exxon Mobil in a research report on Thursday, June 21st. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.08.

NYSE XOM opened at $86.13 on Tuesday. Exxon Mobil Co. has a twelve month low of $72.15 and a twelve month high of $89.30. The stock has a market cap of $360.27 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The company has a current ratio of 0.81, a quick ratio of 0.51 and a debt-to-equity ratio of 0.11.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 27th. The oil and gas company reported $0.92 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.34). Exxon Mobil had a return on equity of 8.45% and a net margin of 7.64%. The business had revenue of $73.50 billion for the quarter, compared to analysts’ expectations of $71.66 billion. During the same quarter last year, the company posted $0.78 earnings per share. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 4.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Monday, August 13th were given a dividend of $0.82 per share. The ex-dividend date was Friday, August 10th. This represents a $3.28 annualized dividend and a yield of 3.81%. Exxon Mobil’s dividend payout ratio (DPR) is presently 91.36%.

About Exxon Mobil

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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