Midland Wealth Advisors LLC Raises Stock Holdings in Exxon Mobil Corporation $XOM

Midland Wealth Advisors LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 95.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,675 shares of the oil and gas company’s stock after buying an additional 21,766 shares during the period. Exxon Mobil comprises about 0.3% of Midland Wealth Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Midland Wealth Advisors LLC’s holdings in Exxon Mobil were worth $5,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Ipsen Advisor Group LLC raised its position in Exxon Mobil by 1.6% during the third quarter. Ipsen Advisor Group LLC now owns 5,647 shares of the oil and gas company’s stock valued at $637,000 after purchasing an additional 88 shares in the last quarter. Nexus Investment Management ULC raised its holdings in shares of Exxon Mobil by 1.6% during the 3rd quarter. Nexus Investment Management ULC now owns 5,794 shares of the oil and gas company’s stock valued at $653,000 after buying an additional 89 shares in the last quarter. Sagace Wealth Management LLC lifted its position in Exxon Mobil by 2.7% in the 3rd quarter. Sagace Wealth Management LLC now owns 3,445 shares of the oil and gas company’s stock worth $388,000 after buying an additional 90 shares during the last quarter. Creative Capital Management Investments LLC grew its position in Exxon Mobil by 2.5% during the third quarter. Creative Capital Management Investments LLC now owns 3,701 shares of the oil and gas company’s stock valued at $417,000 after acquiring an additional 91 shares during the last quarter. Finally, Capstone Wealth Management LLC raised its stake in shares of Exxon Mobil by 3.8% during the third quarter. Capstone Wealth Management LLC now owns 2,527 shares of the oil and gas company’s stock worth $285,000 after acquiring an additional 92 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $151.09 on Friday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $156.93. The company has a 50 day moving average price of $131.72 and a 200-day moving average price of $119.77. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $637.18 billion, a PE ratio of 22.58, a P/E/G ratio of 15.63 and a beta of 0.39.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.08. Exxon Mobil had a return on equity of 11.21% and a net margin of 8.68%.The firm had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. During the same period in the previous year, the firm posted $1.67 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, February 12th. Exxon Mobil’s dividend payout ratio is currently 61.58%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,230 shares of Exxon Mobil stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the transaction, the vice president owned 20,354 shares in the company, valued at $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 14,230 shares of company stock valued at $1,888,421. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on XOM. Barclays upped their price objective on shares of Exxon Mobil from $140.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday, February 3rd. UBS Group reaffirmed a “buy” rating and set a $171.00 price objective on shares of Exxon Mobil in a research note on Monday, February 2nd. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 target price on shares of Exxon Mobil in a research note on Wednesday, February 4th. TD Cowen raised their price target on Exxon Mobil from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, February 3rd. Finally, Zacks Research raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $140.59.

Exxon Mobil Company Profile

Exxon Mobil 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.