FLC Capital Advisors Purchases 350 Shares of Exxon Mobil Corporation $XOM

FLC Capital Advisors lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,444 shares of the oil and gas company’s stock after purchasing an additional 350 shares during the period. Exxon Mobil accounts for approximately 0.9% of FLC Capital Advisors’ investment portfolio, making the stock its 27th biggest holding. FLC Capital Advisors’ holdings in Exxon Mobil were worth $4,468,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the first quarter worth approximately $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil during the first quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its stake in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its stake in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 300 shares during the period. Finally, 1248 Management LLC bought a new position in Exxon Mobil during the 1st quarter worth $40,000. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent research reports. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research note on Tuesday, October 7th. Melius Research initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Wells Fargo & Company initiated coverage on Exxon Mobil in a research note on Friday, October 17th. They set an “overweight” rating and a $156.00 price objective on the stock. UBS Group raised their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $127.58.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on 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 trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.0%

Shares of XOM opened at $112.72 on Wednesday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The business’s fifty day moving average is $112.10 and its 200-day moving average is $109.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market cap of $480.55 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.02 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $57.55 billion for the quarter. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal 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 $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

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.