Thompson Davis & CO. Inc. Invests $774,000 in Exxon Mobil Corporation $XOM

Thompson Davis & CO. Inc. bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,183 shares of the oil and gas company’s stock, valued at approximately $774,000.

Other large investors also recently bought and sold shares of the company. Eagle Capital Management LLC raised its position in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares during the period. Brucke Financial Inc. increased its position in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock valued at $808,000 after purchasing an additional 142 shares during the last quarter. Castlekeep Investment Advisors LLC raised its holdings in Exxon Mobil by 10.8% during the 1st quarter. Castlekeep Investment Advisors LLC now owns 11,389 shares of the oil and gas company’s stock valued at $1,354,000 after buying an additional 1,111 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Exxon Mobil by 8.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 20,256,504 shares of the oil and gas company’s stock worth $2,409,106,000 after buying an additional 1,550,248 shares during the last quarter. Finally, Firestone Capital Management boosted its stake in Exxon Mobil by 21.3% during the first quarter. Firestone Capital Management now owns 23,053 shares of the oil and gas company’s stock worth $2,742,000 after buying an additional 4,049 shares during the period. Institutional investors own 61.80% of the company’s stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 0.5%

Shares of NYSE:XOM opened at $118.74 on Thursday. The business’s 50 day moving average is $113.75 and its 200 day moving average is $110.50. The stock has a market cap of $500.75 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last posted 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 business had revenue of $57.55 billion for the quarter. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, November 14th. Exxon Mobil’s dividend payout ratio (DPR) is currently 59.88%.

Wall Street Analysts Forecast Growth

XOM has been the topic of several recent analyst reports. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. UBS Group increased their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Piper Sandler boosted their target price on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a research report on Monday. Bank of America increased their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Finally, Barclays decreased their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $128.67.

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.