ExxonMobil Corporation $XOM Stock Position Raised by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 28.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 20,613 shares of the oil and gas company’s stock after buying an additional 4,539 shares during the period. WealthBridge Capital Management LLC’s holdings in ExxonMobil were worth $2,818,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Petra Financial Advisors Inc. acquired a new position in ExxonMobil in the second quarter valued at approximately $467,000. Stronghold Wealth Management L.L.C. grew its holdings in shares of ExxonMobil by 4.0% during the second quarter. Stronghold Wealth Management L.L.C. now owns 4,329 shares of the oil and gas company’s stock valued at $592,000 after purchasing an additional 168 shares during the last quarter. Gray Private Wealth LLC raised its position in shares of 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 purchasing an additional 739 shares during the period. Aventus Investment Advisors Inc. acquired a new stake in shares of ExxonMobil during the 2nd quarter worth approximately $27,000. Finally, Nilsine Partners LLC lifted its holdings in shares of ExxonMobil by 22.5% in the 2nd 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 last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. UBS Group set a $168.00 target price on ExxonMobil in a research report on Friday, August 7th. Sanford C. Bernstein cut their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Weiss Ratings raised shares of ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $182.00 price target on shares of ExxonMobil in a research report on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $163.29.

ExxonMobil Stock Up 0.9%

XOM opened at $160.08 on Friday. The stock’s 50 day moving average price is $147.00 and its 200 day moving average price is $150.45. 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 cap of $663.52 billion, a P/E ratio of 20.60, a P/E/G ratio of 0.62 and a beta of 0.17. ExxonMobil Corporation has a 12 month low of $105.67 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion for the quarter, compared to analyst estimates of $109.94 billion. During the same quarter last year, the firm posted $1.64 EPS. As a group, research analysts predict that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

ExxonMobil 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.