Geneos Wealth Management Inc. Buys 59,532 Shares of Exxon Mobil Corporation $XOM

Geneos Wealth Management Inc. grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 38.9% in the second quarter, HoldingsChannel.com reports. The fund owned 212,733 shares of the oil and gas company’s stock after acquiring an additional 59,532 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Exxon Mobil were worth $22,933,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Elequin Capital LP acquired a new stake in Exxon Mobil during the first quarter worth about $31,000. Game Plan Financial Advisors LLC raised its position 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 buying an additional 300 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $38,000. Bare Financial Services Inc boosted its position in shares of Exxon Mobil by 121.8% during the 2nd quarter. Bare Financial Services Inc now owns 366 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 201 shares in the last quarter. Finally, 1248 Management LLC bought a new position in Exxon Mobil in the first quarter valued at approximately $40,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday. Cowen reissued a “buy” rating on shares of Exxon Mobil in a report on Friday. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Jefferies Financial Group raised their price objective on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, BNP Paribas raised Exxon Mobil from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $129.24.

Exxon Mobil Price Performance

Shares of XOM opened at $118.77 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock has a market cap of $500.88 billion, a PE ratio of 17.26, a PEG ratio of 1.50 and a beta of 0.38. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $120.81. The business has a 50-day simple moving average of $115.60 and a two-hundred day simple moving average of $112.22.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS 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 for the quarter. Analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is presently 59.88%.

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.