Americana Partners LLC Acquires 15,494 Shares of Exxon Mobil Corporation $XOM

Americana Partners LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 423,337 shares of the oil and gas company’s stock after purchasing an additional 15,494 shares during the quarter. Exxon Mobil makes up 1.6% of Americana Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Americana Partners LLC’s holdings in Exxon Mobil were worth $45,636,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of XOM. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil in the first quarter worth approximately $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Exxon Mobil during the second quarter worth $38,000. 61.80% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Trading Up 2.3%

NYSE:XOM opened at $117.19 on Monday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. The firm has a 50-day moving average price of $113.45 and a two-hundred day moving average price of $110.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market cap of $494.19 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $1.03 dividend. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is currently 59.88%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays cut their price target 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. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. UBS Group lifted their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Mizuho cut their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $128.50.

Exxon Mobil Company 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.