Fiduciary Alliance LLC Raises Position in Exxon Mobil Corporation $XOM

Fiduciary Alliance LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM) by 29.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 44,231 shares of the oil and gas company’s stock after buying an additional 10,030 shares during the quarter. Fiduciary Alliance LLC’s holdings in Exxon Mobil were worth $4,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Bank & Trust lifted its holdings in Exxon Mobil by 71.9% in the second quarter. First Bank & Trust now owns 25,354 shares of the oil and gas company’s stock worth $2,733,000 after buying an additional 10,602 shares during the period. St. Louis Financial Planners Asset Management LLC increased its stake in shares of Exxon Mobil by 10.9% during the second quarter. St. Louis Financial Planners Asset Management LLC now owns 26,523 shares of the oil and gas company’s stock valued at $2,859,000 after purchasing an additional 2,597 shares in the last quarter. GEM Asset Management LLC increased its stake in shares of Exxon Mobil by 4.4% during the second quarter. GEM Asset Management LLC now owns 3,244 shares of the oil and gas company’s stock valued at $360,000 after purchasing an additional 138 shares in the last quarter. Woodstock Corp increased its stake in shares of Exxon Mobil by 0.4% during the second quarter. Woodstock Corp now owns 119,925 shares of the oil and gas company’s stock valued at $12,928,000 after purchasing an additional 529 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC bought a new position in shares of Exxon Mobil during the second quarter valued at approximately $380,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 2.0%

Shares of Exxon Mobil stock opened at $114.64 on Wednesday. The company’s fifty day simple moving average is $110.59 and its 200-day simple moving average is $109.19. The stock has a market capitalization of $488.74 billion, a PE ratio of 16.28, a P/E/G ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

Exxon Mobil Announces Dividend

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

Insider Buying and Selling at Exxon Mobil

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Piper Sandler raised their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Finally, TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil 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.