Exxon Mobil Corporation $XOM Shares Purchased by Thrive Wealth Management LLC

Thrive Wealth Management LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,981 shares of the oil and gas company’s stock after acquiring an additional 398 shares during the period. Thrive Wealth Management LLC’s holdings in Exxon Mobil were worth $1,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Balefire LLC grew its holdings in Exxon Mobil by 101.2% during the second quarter. Balefire LLC now owns 6,121 shares of the oil and gas company’s stock worth $660,000 after acquiring an additional 3,079 shares during the period. LifePlan Financial LLC boosted its position in Exxon Mobil by 2.6% during the second quarter. LifePlan Financial LLC now owns 6,227 shares of the oil and gas company’s stock worth $671,000 after purchasing an additional 160 shares in the last quarter. New England Research & Management Inc. boosted its position in Exxon Mobil by 9.9% during the second quarter. New England Research & Management Inc. now owns 19,852 shares of the oil and gas company’s stock worth $2,140,000 after purchasing an additional 1,793 shares in the last quarter. Krilogy Financial LLC boosted its position in Exxon Mobil by 7.3% during the second quarter. Krilogy Financial LLC now owns 23,983 shares of the oil and gas company’s stock worth $2,585,000 after purchasing an additional 1,638 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Exxon Mobil by 42.4% during the second quarter. Harbor Capital Advisors Inc. now owns 739 shares of the oil and gas company’s stock worth $80,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $114.64 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a market cap of $488.74 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The stock has a 50-day simple moving average of $110.59 and a 200-day simple moving average of $109.19.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the firm earned $2.14 earnings per share. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced 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 was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

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 completion of the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on XOM. Barclays reiterated a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Piper Sandler upped their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, Mizuho reduced their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $124.76.

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.