Code Waechter LLC Boosts Stock Position in Exxon Mobil Corporation $XOM

Code Waechter LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 66.1% during the 2nd quarter, Holdings Channel reports. The firm owned 5,053 shares of the oil and gas company’s stock after acquiring an additional 2,010 shares during the period. Code Waechter LLC’s holdings in Exxon Mobil were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Capital Management LLC lifted its position in shares of Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares during the last quarter. Brucke Financial Inc. lifted its position in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after buying an additional 142 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Exxon Mobil by 12.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 21,251 shares of the oil and gas company’s stock valued at $2,527,000 after buying an additional 2,307 shares during the last quarter. Timber Creek Capital Management LLC lifted its position in shares of Exxon Mobil by 1.5% during the 1st quarter. Timber Creek Capital Management LLC now owns 61,186 shares of the oil and gas company’s stock valued at $7,277,000 after buying an additional 917 shares during the last quarter. Finally, Tilson Financial Group Inc. lifted its position in shares of Exxon Mobil by 1.8% during the 1st quarter. Tilson Financial Group Inc. now owns 34,182 shares of the oil and gas company’s stock valued at $4,065,000 after buying an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Bank of America upped their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. UBS Group increased their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $128.50.

Exxon Mobil Stock Performance

NYSE:XOM opened at $113.85 on Tuesday. The stock has a market cap of $485.37 billion, a P/E ratio of 16.17, a PEG ratio of 2.06 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $113.30 and its two-hundred day moving average price is $110.08. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is currently 57.56%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

About Exxon Mobil

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.