Private Advisor Group LLC Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Private Advisor Group LLC lifted its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 558,106 shares of the oil and gas company’s stock after purchasing an additional 15,400 shares during the period. Private Advisor Group LLC’s holdings in Exxon Mobil were worth $47,796,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Guardian Wealth Management Inc. bought a new position in Exxon Mobil in the fourth quarter worth about $30,000. GW&K Investment Management LLC bought a new position in Exxon Mobil in the first quarter worth about $32,000. CFS Investment Advisory Services LLC raised its stake in Exxon Mobil by 8,482.4% in the first quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock worth $34,000 after buying an additional 1,624,980 shares in the last quarter. GoalVest Advisory LLC bought a new position in Exxon Mobil in the first quarter worth about $38,000. Finally, Dravo Bay LLC bought a new position in Exxon Mobil in the first quarter worth about $38,000. 56.84% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.4 %

Shares of XOM stock opened at $90.57 on Friday. Exxon Mobil Co. has a 12-month low of $55.28 and a 12-month high of $105.57. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $93.05 and its 200 day moving average is $89.79. The stock has a market capitalization of $377.46 billion, a P/E ratio of 9.91, a P/E/G ratio of 0.30 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s revenue was up 70.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. Research analysts expect that Exxon Mobil Co. will post 12.67 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, August 11th. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Barclays increased their price target on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st. HSBC raised their target price on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research note on Wednesday, July 20th. Morgan Stanley raised their target price on shares of Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, September 6th. Piper Sandler decreased their target price on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, September 12th. Finally, Truist Financial decreased their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research note on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $96.69.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares in the company, valued at approximately $2,635,839.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares in the company, valued at approximately $2,635,839.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey W. Ubben acquired 960,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares in the company, valued at $100,635,870. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

Further Reading

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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