Abacus Wealth Partners LLC Makes New $835000 Investment in ... - MarketBeat

Abacus Wealth Partners LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,688 shares of the oil and gas company's stock, valued at approximately $835,000. Exxon Mobil makes up about 0.3% of Abacus Wealth Partners LLC's portfolio, making the stock its 27th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in Exxon Mobil during the first quarter valued at approximately $25,000. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $27,000. Dark Forest Capital Management LP purchased a new stake in Exxon Mobil during the 4th quarter valued at $27,000. Corrado Advisors LLC bought a new stake in Exxon Mobil in the fourth quarter worth $28,000. Finally, Artemis Wealth Advisors LLC purchased a new position in Exxon Mobil during the first quarter worth $36,000. 58.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 1,500 shares of the company's stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares of the company's stock, valued at approximately $3,193,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Jeffrey W. Ubben bought 458,000 shares of the business's stock in a transaction that occurred on Monday, July 31st. The shares were purchased at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Darrin L. Talley sold 1,500 shares of the firm's stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares of the company's stock, valued at approximately $3,193,780. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on XOM shares. Redburn Partners raised shares of Exxon Mobil from a "sell" rating to a "neutral" rating and increased their target price for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 price objective on shares of Exxon Mobil in a research note on Wednesday, July 19th. Piper Sandler cut their target price on Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. StockNews.com started coverage on Exxon Mobil in a research note on Thursday, August 17th. They set a "hold" rating for the company. Finally, Morgan Stanley boosted their price objective on Exxon Mobil from $121.00 to $124.00 and gave the company an "overweight" rating in a report on Friday, August 18th. Eleven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $123.43.

Check Out Our Latest Stock Report on Exxon Mobil

Exxon Mobil Stock Performance

Shares of XOM stock opened at $117.54 on Wednesday. The company's 50 day moving average is $107.87 and its 200 day moving average is $108.34. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The firm has a market cap of $470.53 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.60 and a beta of 1.08. Exxon Mobil Co. has a 52-week low of $83.89 and a 52-week high of $119.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The company had revenue of $82.91 billion during the quarter, compared to the consensus estimate of $81.80 billion. During the same period in the previous year, the firm posted $4.14 earnings per share. The company's revenue was down 28.3% on a year-over-year basis. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil's payout ratio is presently 29.12%.

Exxon Mobil Profile

(Free Report)

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.

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