Triton Wealth Management PLLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Triton Wealth Management PLLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 78.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,063 shares of the oil and gas company’s stock after acquiring an additional 4,875 shares during the period. Triton Wealth Management PLLC’s holdings in Exxon Mobil were worth $483,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of XOM. Nations Financial Group Inc. IA ADV lifted its position in shares of Exxon Mobil by 2.8% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,524 shares of the oil and gas company’s stock valued at $324,000 after buying an additional 232 shares in the last quarter. JGP Wealth Management LLC boosted its position in shares of Exxon Mobil by 1.8% in the second quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock worth $571,000 after purchasing an additional 239 shares during the period. Portfolio Solutions LLC increased its stake in shares of Exxon Mobil by 3.7% in the first quarter. Portfolio Solutions LLC now owns 6,818 shares of the oil and gas company’s stock worth $259,000 after purchasing an additional 246 shares in the last quarter. TrinityPoint Wealth LLC raised its position in shares of Exxon Mobil by 1.8% during the 1st quarter. TrinityPoint Wealth LLC now owns 14,072 shares of the oil and gas company’s stock valued at $534,000 after purchasing an additional 252 shares during the period. Finally, Whitener Capital Management Inc. lifted its stake in shares of Exxon Mobil by 0.5% during the 1st quarter. Whitener Capital Management Inc. now owns 49,830 shares of the oil and gas company’s stock valued at $1,892,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 52.16% of the company’s stock.

XOM stock opened at $42.08 on Friday. Exxon Mobil Co. has a twelve month low of $30.11 and a twelve month high of $75.66. The stock has a market capitalization of $177.04 billion, a price-to-earnings ratio of 15.76 and a beta of 1.33. The company has a quick ratio of 0.52, a current ratio of 0.78 and a debt-to-equity ratio of 0.17. The firm’s fifty day simple moving average is $44.44 and its two-hundred day simple moving average is $48.35.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.09). Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. The firm had revenue of $32.61 billion for the quarter, compared to analysts’ expectations of $38.16 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. Exxon Mobil’s revenue for the quarter was down 52.8% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post -0.38 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 13th will be given a dividend of $0.87 per share. The ex-dividend date is Wednesday, August 12th. This represents a $3.48 annualized dividend and a dividend yield of 8.27%. Exxon Mobil’s dividend payout ratio (DPR) is presently 154.67%.

Several equities analysts have recently commented on the company. Cfra downgraded Exxon Mobil from a “hold” rating to a “sell” rating and boosted their price objective for the company from $41.00 to $43.00 in a research report on Thursday, April 30th. Royal Bank of Canada restated a “sell” rating and issued a $45.00 price target on shares of Exxon Mobil in a research note on Monday, July 20th. Redburn Partners raised shares of Exxon Mobil from a “sell” rating to a “neutral” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. restated a “hold” rating and set a $51.00 target price on shares of Exxon Mobil in a research report on Tuesday, June 9th. Finally, Mizuho reduced their price target on shares of Exxon Mobil from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, April 8th. Five equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and one has given a buy rating to the company. Exxon Mobil presently has an average rating of “Hold” and an average price target of $53.17.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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

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