Park Edge Advisors LLC Purchases 91 Shares of Exxon Mobil Corporation $XOM

Park Edge Advisors LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 0.3% during the second quarter, Holdings Channel.com reports. The fund owned 32,031 shares of the oil and gas company’s stock after acquiring an additional 91 shares during the period. Exxon Mobil accounts for 0.9% of Park Edge Advisors LLC’s holdings, making the stock its 19th largest holding. Park Edge Advisors LLC’s holdings in Exxon Mobil were worth $3,453,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil in the 1st quarter worth about $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the 1st quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 238 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on XOM. Piper Sandler raised their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. Finally, Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $124.81.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred 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 sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Up 0.1%

Shares of NYSE XOM opened at $112.21 on Friday. The firm has a 50-day moving average of $110.55 and a 200 day moving average of $109.15. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The stock has a market cap of $478.38 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. 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 announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same period in the previous year, the business posted $2.14 earnings per share. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil’s payout ratio is currently 56.25%.

About Exxon Mobil

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.