Weatherstone Capital Management Increases Stake in Exxon Mobil Corporation (XOM)

Weatherstone Capital Management Increases Stake in Exxon Mobil Corporation (XOM)

Weatherstone Capital Management raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 6.6% during the third quarter, Holdings Channel reports. The institutional investor owned 6,571 shares of the company’s stock after buying an additional 405 shares during the period. Exxon Mobil Corporation accounts for 0.5% of Weatherstone Capital Management’s holdings, making the stock its 28th largest position. Weatherstone Capital Management’s holdings in Exxon Mobil Corporation were worth $574,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of XOM. Northern Trust Corp increased its stake in Exxon Mobil Corporation by 1.2% in the third quarter. Northern Trust Corp now owns 54,437,635 shares of the company’s stock valued at $4,751,316,000 after buying an additional 649,145 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Exxon Mobil Corporation during the third quarter valued at approximately $2,385,000. Private Vista LLC increased its stake in Exxon Mobil Corporation by 45.8% in the third quarter. Private Vista LLC now owns 9,712 shares of the company’s stock valued at $822,000 after buying an additional 3,050 shares during the last quarter. FDO Partners LLC bought a new stake in Exxon Mobil Corporation during the third quarter valued at approximately $470,000. Finally, Westpac Banking Corp increased its stake in Exxon Mobil Corporation by 24.2% in the third quarter. Westpac Banking Corp now owns 581,447 shares of the company’s stock valued at $50,749,000 after buying an additional 113,287 shares during the last quarter. 51.14% of the stock is owned by institutional investors.

Shares of Exxon Mobil Corporation (NYSE:XOM) opened at 82.02 on Wednesday. The company’s 50-day moving average price is $86.96 and its 200-day moving average price is $86.98. The stock has a market cap of $340.22 billion, a PE ratio of 43.63 and a beta of 0.91. Exxon Mobil Corporation has a one year low of $77.58 and a one year high of $95.55.

Exxon Mobil Corporation (NYSE:XOM) last released its earnings results on Tuesday, January 31st. The company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.29. The company had revenue of $61.02 billion for the quarter, compared to analysts’ expectations of $62.28 billion. Exxon Mobil Corporation had a net margin of 3.47% and a return on equity of 5.56%. Exxon Mobil Corporation’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. Equities research analysts anticipate that Exxon Mobil Corporation will post $4.13 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Thursday, February 9th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, February 7th. This represents a $3.00 annualized dividend and a yield of 3.62%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is presently 159.58%.

XOM has been the subject of several research reports. RBC Capital Markets set a $95.00 price target on Exxon Mobil Corporation and gave the company a “buy” rating in a report on Wednesday, February 1st. Vetr downgraded Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $88.14 price target for the company. in a report on Monday, November 7th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Exxon Mobil Corporation in a report on Monday, December 12th. BNP Paribas set a $80.00 price target on Exxon Mobil Corporation and gave the company a “sell” rating in a report on Tuesday, October 11th. Finally, HSBC Holdings plc set a $85.00 price target on Exxon Mobil Corporation and gave the company a “neutral” rating in a report on Tuesday, November 8th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $88.42.

In other news, VP Dennis G. Wascom sold 4,400 shares of the business’s stock in a transaction dated Tuesday, December 13th. The stock was sold at an average price of $92.00, for a total value of $404,800.00. Following the transaction, the vice president now directly owns 183,765 shares in the company, valued at $16,906,380. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James M. Spellings, Jr. sold 15,678 shares of the business’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $87.69, for a total value of $1,374,803.82. Following the completion of the transaction, the insider now owns 200,500 shares in the company, valued at $17,581,845. The disclosure for this sale can be found here. Insiders have sold 63,054 shares of company stock worth $5,544,316 over the last quarter. 0.14% of the stock is owned by company insiders.

About Exxon Mobil Corporation

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products.

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