Trivium Point Advisory LLC Buys 848 Shares of Exxon Mobil Corporation $XOM

Trivium Point Advisory LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,431 shares of the oil and gas company’s stock after acquiring an additional 848 shares during the quarter. Trivium Point Advisory LLC’s holdings in Exxon Mobil were worth $3,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Spectrum Strategic Capital Management LLC boosted its stake in Exxon Mobil by 2.4% during the second quarter. Spectrum Strategic Capital Management LLC now owns 4,212 shares of the oil and gas company’s stock worth $454,000 after buying an additional 100 shares in the last quarter. Emerald Advisors LLC boosted its stake in Exxon Mobil by 165.0% during the second quarter. Emerald Advisors LLC now owns 13,019 shares of the oil and gas company’s stock worth $1,403,000 after buying an additional 8,107 shares in the last quarter. Lee Johnson Capital Management LLC boosted its stake in Exxon Mobil by 2.7% during the second quarter. Lee Johnson Capital Management LLC now owns 7,580 shares of the oil and gas company’s stock worth $817,000 after buying an additional 198 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in Exxon Mobil by 13.0% during the second quarter. DiNuzzo Private Wealth Inc. now owns 2,697 shares of the oil and gas company’s stock worth $291,000 after buying an additional 311 shares in the last quarter. Finally, Park Place Capital Corp boosted its stake in Exxon Mobil by 39.5% during the second quarter. Park Place Capital Corp now owns 19,409 shares of the oil and gas company’s stock worth $2,120,000 after buying an additional 5,493 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.5%

Shares of NYSE XOM opened at $111.43 on Friday. The stock has a market cap of $475.03 billion, a PE ratio of 15.83, a PEG ratio of 2.04 and a beta of 0.51. The business has a fifty day moving average of $111.10 and a two-hundred day moving average of $109.57. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same period last year, the business earned $2.14 earnings per share. The business’s revenue was down 12.4% on a year-over-year basis. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is currently 56.25%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Mizuho decreased their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Bank of America lifted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Finally, Morgan Stanley lifted their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $125.00.

Exxon Mobil 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.