Exxon Mobil Corporation $XOM is Slagle Financial LLC’s 9th Largest Position

Slagle Financial LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,809 shares of the oil and gas company’s stock after purchasing an additional 1,147 shares during the quarter. Exxon Mobil makes up 2.0% of Slagle Financial LLC’s holdings, making the stock its 9th largest position. Slagle Financial LLC’s holdings in Exxon Mobil were worth $4,938,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Journey Strategic Wealth LLC increased its position in Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock worth $2,608,000 after purchasing an additional 1,379 shares during the last quarter. Linscomb Wealth Inc. increased its holdings in shares of Exxon Mobil by 1.4% during the 2nd quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock worth $42,017,000 after buying an additional 5,527 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Exxon Mobil by 52.3% in the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock valued at $45,149,000 after acquiring an additional 131,600 shares during the last quarter. OneAscent Wealth Management LLC grew its position in Exxon Mobil by 116.7% in the second quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after acquiring an additional 4,123 shares during the period. Finally, Hartford Funds Management Co LLC increased its stake in Exxon Mobil by 51.8% during the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after acquiring an additional 2,617 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XOM. Weiss Ratings reiterated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Mizuho decreased their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Piper Sandler boosted their target price on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Barclays dropped their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Bank of America increased their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $128.67.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.4%

XOM opened at $119.21 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market capitalization of $502.73 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.06 and a beta of 0.49. The business has a fifty day moving average price of $114.07 and a 200 day moving average price of $110.68. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is a positive change from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Exxon Mobil Profile

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.