Signature Wealth Management Group acquired a new stake in Exxon Mobil Co. (NYSE:XOM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,843 shares of the oil and gas company's stock, valued at approximately $305,000.
Other institutional investors also recently modified their holdings of the company. Your Advocates Ltd. LLP lifted its position in Exxon Mobil by 0.7% in the 1st quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company's stock worth $1,335,000 after buying an additional 86 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its stake in Exxon Mobil by 0.8% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company's stock worth $1,237,000 after purchasing an additional 87 shares during the period. Revolve Wealth Partners LLC increased its stake in Exxon Mobil by 1.4% in the 1st quarter. Revolve Wealth Partners LLC now owns 6,555 shares of the oil and gas company's stock worth $719,000 after purchasing an additional 92 shares during the period. Rosenberg Matthew Hamilton increased its stake in Exxon Mobil by 1.2% in the 1st quarter. Rosenberg Matthew Hamilton now owns 8,259 shares of the oil and gas company's stock worth $906,000 after purchasing an additional 95 shares during the period. Finally, Darwin Wealth Management LLC increased its stake in Exxon Mobil by 2.3% in the 1st quarter. Darwin Wealth Management LLC now owns 4,283 shares of the oil and gas company's stock worth $491,000 after purchasing an additional 95 shares during the period. Institutional investors own 58.53% of the company's stock.
Exxon Mobil Trading Down 1.5 %
Exxon Mobil stock opened at $116.70 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The business's fifty day simple moving average is $108.65 and its two-hundred day simple moving average is $108.50. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92. The company has a market capitalization of $467.17 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08.
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 analysts' consensus estimates of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The company's revenue for the quarter was down 28.3% compared to the same quarter last year. During the same period in the previous year, the company earned $4.14 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil's dividend payout ratio is 29.12%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Wolfe Research cut Exxon Mobil from an "outperform" rating to a "peer perform" rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Mizuho lifted their price target on Exxon Mobil from $130.00 to $131.00 and gave the stock a "buy" rating in a research note on Wednesday, August 16th. Redburn Partners raised Exxon Mobil from a "sell" rating to a "neutral" rating and boosted their target price for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. UBS Group boosted their target price on Exxon Mobil from $135.00 to $139.00 and gave the company a "buy" rating in a research note on Thursday, August 17th. Finally, Piper Sandler reduced their target price on Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.43.
View Our Latest Stock Analysis on Exxon Mobil
Insider Buying and Selling at Exxon Mobil
In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the 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 owns 27,772 shares of the company's stock, valued at $3,193,780. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Jeffrey W. Ubben purchased 458,000 shares of Exxon Mobil stock in a transaction 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 completion of the transaction, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $172,500.00. Following the completion of the sale, 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. 0.06% of the stock is owned by corporate insiders.
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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