Bartlett & CO. Wealth Management LLC Has $219,000 Stock Holdings in ExxonMobil Corporation $XOM

Bartlett & CO. Wealth Management LLC lessened its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 98.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,600 shares of the oil and gas company’s stock after selling 105,599 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in ExxonMobil were worth $219,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Gray Private Wealth LLC lifted its position in ExxonMobil by 42.4% during the 2nd quarter. Gray Private Wealth LLC now owns 2,482 shares of the oil and gas company’s stock worth $339,000 after acquiring an additional 739 shares during the last quarter. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil in the second quarter valued at about $27,000. Nilsine Partners LLC increased its stake in shares of ExxonMobil by 22.5% in the second quarter. Nilsine Partners LLC now owns 83,492 shares of the oil and gas company’s stock worth $11,415,000 after purchasing an additional 15,326 shares during the period. Empire Life Investments Inc. lifted its position in shares of ExxonMobil by 3.6% during the 2nd quarter. Empire Life Investments Inc. now owns 48,670 shares of the oil and gas company’s stock worth $6,654,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Mosley Wealth Management lifted its position in shares of ExxonMobil by 21.4% during the 2nd quarter. Mosley Wealth Management now owns 8,554 shares of the oil and gas company’s stock worth $1,170,000 after purchasing an additional 1,506 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Price Performance

XOM opened at $160.08 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market capitalization of $663.52 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17. The company’s 50 day simple moving average is $147.00 and its 200-day simple moving average is $150.45. ExxonMobil Corporation has a one year low of $105.67 and a one year high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period in the prior year, the company posted $1.64 EPS. Sell-side analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 17th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ExxonMobil’s dividend payout ratio is 53.02%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Wells Fargo & Company reiterated an “overweight” rating and set a $182.00 target price on shares of ExxonMobil in a research note on Monday, August 3rd. Scotiabank increased their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Piper Sandler began coverage on shares of ExxonMobil in a research report on Thursday, July 23rd. They issued a “neutral” rating and a $158.00 price target on the stock. Finally, Weiss Ratings upgraded shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $163.29.

ExxonMobil Company Profile

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.