Advisor Partners II LLC grew its stake in Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,758 shares of the oil and gas company's stock after acquiring an additional 1,205 shares during the quarter. Exxon Mobil comprises approximately 0.9% of Advisor Partners II LLC's investment portfolio, making the stock its 15th biggest position. Advisor Partners II LLC's holdings in Exxon Mobil were worth $16,423,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of XOM. Stone House Investment Management LLC acquired a new position in Exxon Mobil in the 1st quarter valued at about $25,000. Dark Forest Capital Management LP purchased a new position in Exxon Mobil in the fourth quarter worth approximately $27,000. Corrado Advisors LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $28,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in Exxon Mobil in the fourth quarter valued at $36,000. Finally, Artemis Wealth Advisors LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 58.53% of the company's stock.
Insider Buying and Selling at Exxon Mobil
In related news, Director Jeffrey W. Ubben purchased 458,000 shares of the company's stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the transaction, the director now owns 1,635,000 shares of the company's stock, valued at approximately $174,830,550. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil 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 of the company's stock, valued at approximately $3,193,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey W. Ubben purchased 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The shares were acquired at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the transaction, the director now owns 1,635,000 shares of the company's stock, valued at $174,830,550. The disclosure for this purchase can be found here. 0.06% of the stock is owned by company insiders.
Analyst Ratings Changes
XOM has been the topic of several research analyst reports. HSBC boosted their price objective on shares of Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. StockNews.com assumed coverage on Exxon Mobil in a report on Thursday, August 17th. They set a "hold" rating for the company. Wolfe Research cut shares of Exxon Mobil from an "outperform" rating to a "peer perform" rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Piper Sandler cut their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Finally, Morgan Stanley boosted their price target 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. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.43.
Check Out Our Latest Stock Report on Exxon Mobil
Exxon Mobil Stock Performance
Shares of XOM opened at $115.61 on Monday. The stock has a market capitalization of $462.81 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.60 and a beta of 1.08. Exxon Mobil Co. has a 1 year low of $83.89 and a 1 year high of $119.92. The company's fifty day moving average is $107.54 and its two-hundred day moving average is $108.27. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.
Exxon Mobil (NYSE:XOM - Get Free Report) last announced 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). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business had revenue of $82.91 billion during the quarter, compared to analysts' expectations of $81.80 billion. During the same period last year, the company earned $4.14 EPS. The firm's revenue for the quarter was down 28.3% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Co. will post 8.94 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Tuesday, August 15th. Exxon Mobil's payout ratio is 29.12%.
Exxon Mobil Company 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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