Exxon Mobil Corporation $XOM Shares Acquired by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA grew its position in Exxon Mobil Corporation (NYSE:XOM) by 7.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,054 shares of the oil and gas company’s stock after acquiring an additional 2,958 shares during the period. Exxon Mobil comprises approximately 1.9% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 19th biggest position. Spectrum Asset Management Inc. NB CA’s holdings in Exxon Mobil were worth $4,426,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. REAP Financial Group LLC raised its position in shares of Exxon Mobil by 9.0% in the second quarter. REAP Financial Group LLC now owns 9,867 shares of the oil and gas company’s stock worth $1,064,000 after acquiring an additional 816 shares during the period. Sax Wealth Advisors LLC raised its position in shares of Exxon Mobil by 1.0% in the second quarter. Sax Wealth Advisors LLC now owns 24,920 shares of the oil and gas company’s stock worth $2,686,000 after acquiring an additional 238 shares during the period. Venturi Wealth Management LLC raised its position in shares of Exxon Mobil by 0.3% in the second quarter. Venturi Wealth Management LLC now owns 104,511 shares of the oil and gas company’s stock worth $11,266,000 after acquiring an additional 293 shares during the period. DMC Group LLC raised its position in shares of Exxon Mobil by 6.8% in the second quarter. DMC Group LLC now owns 7,444 shares of the oil and gas company’s stock worth $802,000 after acquiring an additional 471 shares during the period. Finally, BankPlus Trust Department increased its stake in shares of Exxon Mobil by 26.8% during the second quarter. BankPlus Trust Department now owns 28,841 shares of the oil and gas company’s stock worth $3,109,000 after purchasing an additional 6,101 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Down 1.0%

Shares of NYSE XOM opened at $112.90 on Friday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26. The stock has a market cap of $481.32 billion, a PE ratio of 16.04, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $111.30 and a 200 day moving average of $109.52.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter in the prior year, the company posted $2.14 EPS. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. TD Cowen boosted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research note on Tuesday. Finally, Barclays cut their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.95.

Exxon Mobil Company 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.