BKD Wealth Advisors LLC Has $3.58 Million Position in Exxon Mobil Corporation (XOM)

BKD Wealth Advisors LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 31.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 44,354 shares of the oil and gas company’s stock after acquiring an additional 10,583 shares during the period. BKD Wealth Advisors LLC’s holdings in Exxon Mobil Corporation were worth $3,580,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. State Street Corp boosted its position in shares of Exxon Mobil Corporation by 7.9% during the first quarter. State Street Corp now owns 215,767,383 shares of the oil and gas company’s stock worth $17,695,085,000 after buying an additional 15,740,895 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Exxon Mobil Corporation by 6.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 19,116,927 shares of the oil and gas company’s stock worth $1,567,780,000 after buying an additional 1,150,881 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Exxon Mobil Corporation by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,909,244 shares of the oil and gas company’s stock worth $976,677,000 after buying an additional 51,810 shares during the period. Fisher Asset Management LLC boosted its position in shares of Exxon Mobil Corporation by 1.0% during the first quarter. Fisher Asset Management LLC now owns 4,703,805 shares of the oil and gas company’s stock worth $385,759,000 after buying an additional 47,545 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in shares of Exxon Mobil Corporation by 11.1% during the first quarter. State of Wisconsin Investment Board now owns 3,917,301 shares of the oil and gas company’s stock worth $321,258,000 after buying an additional 390,779 shares during the period. Institutional investors own 50.74% of the company’s stock.

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Several research analysts have recently commented on XOM shares. Vetr upgraded Exxon Mobil Corporation from a “buy” rating to a “strong-buy” rating and set a $89.25 price target for the company in a research report on Monday, June 5th. Cowen and Company restated a “buy” rating and set a $100.00 price target on shares of Exxon Mobil Corporation in a research report on Tuesday. Societe Generale set a $95.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research report on Friday, July 14th. Morgan Stanley set a $81.00 price target on Exxon Mobil Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. Finally, Royal Bank Of Canada lowered Exxon Mobil Corporation from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $96.00 to $95.00 in a research report on Thursday, July 6th. Seven analysts have rated the stock with a sell rating, fifteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $84.65.

Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.35% during trading on Wednesday, reaching $80.50. The company had a trading volume of 4,712,628 shares. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22. The stock has a market capitalization of $341.09 billion, a price-to-earnings ratio of 29.02 and a beta of 0.82. The stock has a 50 day moving average of $78.37 and a 200 day moving average of $80.77.

Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The business had revenue of $62.88 billion for the quarter, compared to analyst estimates of $61.35 billion. Exxon Mobil Corporation had a return on equity of 7.62% and a net margin of 4.75%. Exxon Mobil Corporation’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. Equities research analysts forecast that Exxon Mobil Corporation will post $3.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 14th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 annualized dividend and a yield of 3.84%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.

In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $80.23, for a total transaction of $88,253.00. Following the sale, the director now owns 43,125 shares in the company, valued at $3,459,918.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $79.76, for a total transaction of $1,807,042.56. Following the sale, the vice president now owns 231,572 shares in the company, valued at approximately $18,470,182.72. The disclosure for this sale can be found here. 0.08% of the stock is owned by corporate insiders.

About Exxon Mobil Corporation

Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.

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Institutional Ownership by Quarter for Exxon Mobil Corporation (NYSE:XOM)

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