HBW Advisory Services LLC Buys 755 Shares of Exxon Mobil Corporation $XOM

HBW Advisory Services LLC grew its stake in Exxon Mobil Corporation (NYSE:XOM) by 16.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,267 shares of the oil and gas company’s stock after acquiring an additional 755 shares during the period. HBW Advisory Services LLC’s holdings in Exxon Mobil were worth $568,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of XOM. Jacobs Levy Equity Management Inc. grew its holdings in Exxon Mobil by 300.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company’s stock worth $1,534,000 after purchasing an additional 10,697 shares during the period. Redwood Investment Management LLC grew its holdings in Exxon Mobil by 31.5% during the fourth quarter. Redwood Investment Management LLC now owns 11,156 shares of the oil and gas company’s stock worth $1,200,000 after purchasing an additional 2,672 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $1,138,000. Sender Co & Partners Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $2,195,000. Finally, Scissortail Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 34,106.3% during the fourth quarter. Scissortail Wealth Management LLC now owns 5,473 shares of the oil and gas company’s stock worth $586,000 after acquiring an additional 5,457 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Bank of America boosted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday. Melius Research assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Piper Sandler boosted their price objective on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, UBS Group boosted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Hold” and an average price target of $124.81.

Exxon Mobil Stock Up 0.1%

NYSE XOM opened at $112.21 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a 50 day moving average of $110.55 and a 200-day moving average of $109.15. The company has a market cap of $478.38 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $2.14 earnings per share. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. 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 is 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s 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 completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

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.