Boenning & Scattergood Inc. Has $6.65 Million Position in Exxon Mobil Co. (NYSE:XOM)

Boenning & Scattergood Inc. lowered its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 77,590 shares of the oil and gas company’s stock after selling 351 shares during the quarter. Exxon Mobil comprises 1.3% of Boenning & Scattergood Inc.’s investment portfolio, making the stock its 10th largest holding. Boenning & Scattergood Inc.’s holdings in Exxon Mobil were worth $6,645,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of XOM. Marcum Wealth LLC increased its stake in Exxon Mobil by 19.1% during the 1st quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock valued at $2,429,000 after purchasing an additional 4,711 shares in the last quarter. Minot Wealth Management LLC increased its stake in Exxon Mobil by 15.5% during the 1st quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock valued at $3,378,000 after purchasing an additional 5,477 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Exxon Mobil by 13.3% during the 1st quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock valued at $467,000 after purchasing an additional 664 shares in the last quarter. Home Federal Bank of Tennessee increased its stake in Exxon Mobil by 1.1% during the 1st quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock valued at $1,170,000 after purchasing an additional 150 shares in the last quarter. Finally, Fort Sheridan Advisors LLC increased its stake in Exxon Mobil by 8.4% during the 1st quarter. Fort Sheridan Advisors LLC now owns 7,802 shares of the oil and gas company’s stock valued at $644,000 after purchasing an additional 606 shares in the last quarter. Institutional investors own 56.84% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, Director Jeffrey W. Ubben purchased 960,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares in the company, valued at approximately $100,635,870. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey W. Ubben purchased 960,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were bought at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on XOM. HSBC boosted their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research note on Wednesday, July 20th. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Piper Sandler cut their price objective on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a report on Monday, September 12th. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, September 6th. Finally, Truist Financial cut their price objective on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.69.

Exxon Mobil Price Performance

NYSE XOM opened at $90.57 on Friday. The company has a market cap of $377.46 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.07. Exxon Mobil Co. has a 52 week low of $55.28 and a 52 week high of $105.57. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $93.05 and its two-hundred day simple moving average is $89.79.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s revenue was up 70.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share. Research analysts predict that Exxon Mobil Co. will post 12.67 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

Exxon Mobil Company Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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