B. Riley Wealth Advisors Inc. reduced its position in Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 289,307 shares of the oil and gas company's stock after selling 2,577 shares during the period. Exxon Mobil accounts for about 0.8% of B. Riley Wealth Advisors Inc.'s holdings, making the stock its 13th biggest holding. B. Riley Wealth Advisors Inc.'s holdings in Exxon Mobil were worth $31,725,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in XOM. Stone House Investment Management LLC purchased a new position in shares of Exxon Mobil during the first quarter worth approximately $25,000. Dark Forest Capital Management LP purchased a new position in Exxon Mobil during the 4th quarter worth $27,000. KB Financial Partners LLC acquired a new position in Exxon Mobil in the first quarter valued at $27,000. Corrado Advisors LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter valued at about $28,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Exxon Mobil during the fourth quarter worth about $36,000. 58.53% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have weighed in on XOM. Redburn Partners raised Exxon Mobil from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $100.00 to $105.00 in a research report on Thursday, August 31st. Truist Financial lowered their price objective on shares of Exxon Mobil from $118.00 to $110.00 and set a "hold" rating on the stock in a research report on Monday, July 24th. Morgan Stanley raised their target price on shares of Exxon Mobil from $121.00 to $124.00 and gave the stock an "overweight" rating in a research note on Friday, August 18th. UBS Group boosted their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the stock a "buy" rating in a research note on Thursday, August 17th. Finally, StockNews.com initiated coverage on Exxon Mobil in a report on Thursday, August 17th. They issued a "hold" rating on the stock. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.43.
Get Our Latest Stock Report on XOM
Exxon Mobil Trading Up 3.0 %
Shares of Exxon Mobil stock opened at $117.54 on Wednesday. Exxon Mobil Co. has a 1 year low of $83.89 and a 1 year high of $119.92. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The business has a 50 day moving average price of $107.87 and a 200 day moving average price of $108.34. The company has a market capitalization of $470.53 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.60 and a beta of 1.08.
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 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.06). The firm had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. Exxon Mobil's revenue for the quarter was down 28.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.14 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.10%. Exxon Mobil's payout ratio is currently 29.12%.
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares of the company's stock, valued at $3,193,780. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Darrin L. Talley sold 1,500 shares of the firm's stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares in the company, valued at approximately $3,193,780. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the business's stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares of the company's stock, valued at approximately $174,830,550. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company's stock.
About Exxon Mobil
(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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