(NYSE:XOM) Shares Purchased by Commonwealth Equity Services LLC

Exxon Mobil reported a drop in second quarter earnings but an increase in oil production

The fund owned 2,306,751 shares of the oil and gas company's stock after acquiring an additional 30,201 shares during the period. BKD Wealth Advisors LLC's holdings in Exxon Mobil were worth $2,576,000 at the end of the most recent quarter.

The Irving, Texas-based company said it had profit of 73 cents per share. Independent Investors Inc. boosted its holdings in shares of Exxon Mobil by 0.7% in the 4th quarter. LLC boosted its stake in shares of Exxon Mobil by 625.3% in the fourth quarter. Additionally, trading for the stock in the period of the last six months notably deteriorated to -1.12%, alongside a downfall of -11.10% for the period of the last 12 months. Centric Wealth Management lifted its stake in shares of Exxon Mobil by 1.7% in the 2nd quarter. Price performance for year-to-date for the company's stock appears to be pessimistic, given the fact the metric is recording 6.26%. RDA Financial Network now owns 4,840 shares of the oil and gas company's stock valued at $370,000 after purchasing an additional 154 shares during the last quarter.

The company exchanged hands with 16718641 shares compared to its average daily volume of 10.25M shares.

A number of brokerages have recently issued reports on XOM. Zacks Investment Research downgraded shares of Exxon Mobil from a "hold" rating to a "strong sell" rating and set a $79.00 price target on the stock.in a research note on Monday, July 22nd. Exxon Mobil accounts for 1.6% of Atlantic Union Bankshares Corp's investment portfolio, making the stock its 12th largest position. HSBC reissued a "neutral" rating and set a $86.50 price objective on shares of Exxon Mobil in a research note on Thursday, May 23rd. Royal Bank of Canada lowered Exxon Mobil from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $100.00 to $90.00 in a research note on Thursday, July 18th.

Among 10 analysts covering Exxon Mobil (NYSE:XOM), 3 have Buy rating, 1 Sell and 6 Hold. Exxon Mobil's dividend payout ratio is now 70.59%.

In other news, VP Bryan W. Milton sold 6,033 shares of the firm's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $76.34, for a total value of $460,559.22. Gulf International Bank Uk Ltd bought 46,331 shares as the company's stock declined 5.48%. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company's financial health and market status.

Shares of XOM traded down $0.71 during mid-day trading on Friday, hitting $71.75. The current EPS for the company has been recorded at $4.34. The stock has a market cap of $314.62 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.02 and a beta of 0.97. The company has a fifty day simple moving average of $75.90. The stock has a 52-week high of $87.36 and a 52-week low of $64.65.

Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as sharply higher oil production was offset by weaker refining and chemicals business. The institutional investor held 17,988 shares of the integrated oil company at the end of 2019Q1, valued at $1.47M, up from 13,896 at the end of the previous reported quarter. Exxon Mobil had a net margin of 6.49% and a return on equity of 9.63%. It said it took in just 47 cents per thousand cubic feet of gas during the second quarter, down 64% from the same period past year. Total also cited weaker natural gas and refining operations for earnings that fell 19% from a year ago, while Equinor's profit fell 27% on weaker oil and gas prices.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th.

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