Exxon Mobil Corporation $XOM Shares Bought by Silicon Valley Capital Partners

Silicon Valley Capital Partners lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,642 shares of the oil and gas company’s stock after acquiring an additional 4,910 shares during the quarter. Silicon Valley Capital Partners’ holdings in Exxon Mobil were worth $9,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the first quarter worth about $31,000. Game Plan Financial Advisors LLC lifted its position in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. 1248 Management LLC acquired a new position in Exxon Mobil during the 1st quarter worth approximately $40,000. Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil in the 2nd quarter worth approximately $38,000. Finally, Bare Financial Services Inc grew its position in Exxon Mobil by 121.8% in the second quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 201 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $117.75 on Tuesday. The stock has a market capitalization of $496.55 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 7.48 and a beta of 0.38. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $120.81. The company’s 50-day simple moving average is $115.67 and its 200-day simple moving average is $112.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 1.14.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.22% and a net margin of 8.99%.The firm had revenue of $57.55 billion during the quarter. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $4.12 annualized dividend and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction on Monday, December 15th. The shares were sold at an average price of $118.75, for a total value of $356,250.00. Following the completion of the transaction, the vice president owned 31,584 shares of the company’s stock, valued at $3,750,600. The trade was a 8.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. BNP Paribas Exane raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research note on Monday, December 8th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Wells Fargo & Company raised their target price on Exxon Mobil from $156.00 to $158.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.45.

Exxon Mobil Profile

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.