Exxon Mobil Co. (XOM) Shares Bought by GSB Wealth Management LLC
GSB Wealth Management LLC grew its holdings in Exxon Mobil Co. (NYSE:XOM) by 16.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,874 shares of the oil and gas company’s stock after purchasing an additional 2,570 shares during the period. Exxon Mobil makes up about 7.0% of GSB Wealth Management LLC’s holdings, making the stock its 2nd biggest position. GSB Wealth Management LLC’s holdings in Exxon Mobil were worth $1,479,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of XOM. BlackRock Inc. increased its holdings in Exxon Mobil by 1.2% during the 1st quarter. BlackRock Inc. now owns 260,822,111 shares of the oil and gas company’s stock worth $19,459,936,000 after acquiring an additional 2,982,610 shares during the period. Bank of New York Mellon Corp increased its holdings in Exxon Mobil by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 55,508,146 shares of the oil and gas company’s stock worth $4,642,701,000 after acquiring an additional 2,474,965 shares during the period. Dimensional Fund Advisors LP increased its holdings in Exxon Mobil by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 30,580,017 shares of the oil and gas company’s stock worth $2,281,575,000 after acquiring an additional 1,200,678 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Exxon Mobil by 4.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 23,832,973 shares of the oil and gas company’s stock worth $1,778,179,000 after acquiring an additional 1,116,450 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in Exxon Mobil by 43.0% during the 1st quarter. First Eagle Investment Management LLC now owns 18,085,596 shares of the oil and gas company’s stock worth $1,349,366,000 after acquiring an additional 5,440,412 shares during the period. 52.43% of the stock is currently owned by institutional investors.
XOM stock opened at $85.17 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.51. Exxon Mobil Co. has a one year low of $72.15 and a one year high of $89.30. The company has a market capitalization of $360.90 billion, a price-to-earnings ratio of 23.72, a P/E/G ratio of 1.43 and a beta of 0.86.
The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 13th were paid a $0.82 dividend. The ex-dividend date was Friday, August 10th. This represents a $3.28 dividend on an annualized basis and a yield of 3.85%. Exxon Mobil’s dividend payout ratio is presently 91.36%.
In other Exxon Mobil news, VP Bradley W. Corson sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $84.02, for a total value of $1,260,300.00. Following the completion of the transaction, the vice president now owns 214,774 shares of the company’s stock, valued at approximately $18,045,311.48. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is owned by insiders.
A number of analysts recently weighed in on XOM shares. Royal Bank of Canada raised shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $72.16 to $100.00 in a report on Wednesday, May 30th. They noted that the move was a valuation call. Mizuho started coverage on shares of Exxon Mobil in a report on Friday, June 8th. They set a “neutral” rating and a $81.00 target price on the stock. Jefferies Financial Group reaffirmed a “neutral” rating and set a $87.00 target price on shares of Exxon Mobil in a report on Monday, June 11th. Morningstar set a $85.00 target price on shares of Exxon Mobil and gave the stock a “neutral” rating in a report on Monday, June 11th. Finally, Wells Fargo & Co reaffirmed a “neutral” rating and set a $82.00 target price on shares of Exxon Mobil in a report on Thursday, June 21st. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $87.13.
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 also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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