Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 3.5% during the second quarter, HoldingsChannel reports. The fund owned 28,897 shares of the oil and gas company’s stock after buying an additional 973 shares during the period. Flagship Harbor Advisors LLC’s holdings in Exxon Mobil were worth $2,475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Exxon Mobil by 2.5% during the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock worth $30,098,496,000 after acquiring an additional 8,825,023 shares during the period. State Street Corp lifted its position in shares of Exxon Mobil by 0.4% in the fourth quarter. State Street Corp now owns 253,211,345 shares of the oil and gas company’s stock valued at $15,494,002,000 after acquiring an additional 1,128,974 shares in the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at $3,184,424,000. GQG Partners LLC lifted its position in shares of Exxon Mobil by 59.9% in the first quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock valued at $4,277,527,000 after acquiring an additional 19,403,556 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after acquiring an additional 560,517 shares in the last quarter. Institutional investors and hedge funds own 56.84% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, September 6th. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. The Goldman Sachs Group upped their price objective on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Piper Sandler dropped their target price on Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, September 12th. Finally, HSBC upped their target price on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research note on Wednesday, July 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $96.69.

Insider Activity

In related news, Director Jeffrey W. Ubben bought 960,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was acquired at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares in the company, valued at $2,635,839.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey W. Ubben purchased 960,000 shares of Exxon Mobil stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now directly owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $90.57 on Friday. The firm has a market capitalization of $377.46 billion, a PE ratio of 9.91, a P/E/G ratio of 0.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The business has a 50-day moving average of $93.05 and a two-hundred day moving average of $89.79. Exxon Mobil Co. has a 12 month low of $55.28 and a 12 month high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The business had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 70.8% compared to the same quarter last year. As a group, research analysts forecast that Exxon Mobil Co. will post 12.67 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.89%. Exxon Mobil’s dividend payout ratio (DPR) is currently 38.51%.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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

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