Regent Peak Wealth Advisors LLC Invests $673,000 in Exxon Mobil Corporation $XOM

Regent Peak Wealth Advisors LLC purchased a new position in Exxon Mobil Corporation (NYSE:XOM) during the third quarter, HoldingsChannel reports. The firm purchased 5,966 shares of the oil and gas company’s stock, valued at approximately $673,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Exxon Mobil during the second quarter worth approximately $6,163,719,000. Kingstone Capital Partners Texas LLC bought a new position in Exxon Mobil in the second quarter worth approximately $607,621,000. First Trust Advisors LP increased its holdings in Exxon Mobil by 150.2% during the 2nd quarter. First Trust Advisors LP now owns 7,602,601 shares of the oil and gas company’s stock worth $819,560,000 after purchasing an additional 4,563,707 shares during the period. Cerity Partners LLC raised its position in Exxon Mobil by 200.7% during the 2nd quarter. Cerity Partners LLC now owns 2,014,446 shares of the oil and gas company’s stock valued at $217,162,000 after purchasing an additional 4,015,099 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 10,809.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,095,106 shares of the oil and gas company’s stock worth $333,652,000 after buying an additional 3,066,736 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on XOM. Jefferies Financial Group raised their price target on Exxon Mobil from $146.00 to $148.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Mizuho raised their target price on shares of Exxon Mobil from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. BNP Paribas raised shares of Exxon Mobil from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $156.00 to $158.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $129.45.

Exxon Mobil Stock Down 0.1%

Shares of Exxon Mobil stock opened at $119.09 on Monday. 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 company has a market cap of $502.20 billion, a P/E ratio of 17.31, a PEG ratio of 7.49 and a beta of 0.38. The firm’s 50 day moving average price is $116.65 and its 200-day moving average price is $113.25. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $120.81.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The company had revenue of $57.55 billion during the quarter. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

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

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 3,000 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president directly owned 28,584 shares of the company’s stock, valued at $3,349,758.96. This represents a 9.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.