Lyell Wealth Management LP Buys 3,989 Shares of Exxon Mobil Co. (NYSE:XOM)

Lyell Wealth Management LP increased its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 31.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,665 shares of the oil and gas company’s stock after acquiring an additional 3,989 shares during the quarter. Lyell Wealth Management LP’s holdings in Exxon Mobil were worth $1,918,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of XOM. Carmel Capital Partners LLC raised its position in Exxon Mobil by 1.0% in the first quarter. Carmel Capital Partners LLC now owns 8,796 shares of the oil and gas company’s stock worth $1,022,000 after acquiring an additional 86 shares during the period. Bigelow Investment Advisors LLC increased its stake in shares of Exxon Mobil by 0.6% during the 2nd quarter. Bigelow Investment Advisors LLC now owns 13,543 shares of the oil and gas company’s stock worth $1,559,000 after purchasing an additional 86 shares during the last quarter. Integral Investment Advisors Inc. raised its holdings in shares of Exxon Mobil by 2.1% in the 2nd quarter. Integral Investment Advisors Inc. now owns 4,207 shares of the oil and gas company’s stock worth $483,000 after purchasing an additional 87 shares during the period. Mascoma Wealth Management LLC lifted its stake in Exxon Mobil by 7.0% in the second quarter. Mascoma Wealth Management LLC now owns 1,343 shares of the oil and gas company’s stock valued at $155,000 after purchasing an additional 88 shares during the last quarter. Finally, PFS Partners LLC grew its holdings in Exxon Mobil by 0.5% during the first quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 89 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $112.75 on Tuesday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm’s fifty day moving average price is $115.67 and its 200-day moving average price is $115.19. The stock has a market cap of $444.57 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 4.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.01 and a current ratio of 1.36.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 EPS for the quarter, beating the consensus estimate of $2.04 by $0.10. The firm had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.94 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 8.36 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.37%. Exxon Mobil’s payout ratio is 46.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on XOM shares. Wolfe Research began coverage on Exxon Mobil in a research report on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Barclays lowered their target price on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Mizuho raised their price target on Exxon Mobil from $128.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $136.24.

About Exxon Mobil

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.