Exxon Mobil Co. (NYSE:XOM) is Franklin Street Advisors Inc. NC’s 3rd Largest Position

Franklin Street Advisors Inc. NC lessened its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 460,807 shares of the oil and gas company’s stock after selling 24,014 shares during the quarter. Exxon Mobil makes up 3.7% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 3rd biggest position. Franklin Street Advisors Inc. NC’s holdings in Exxon Mobil were worth $39,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Grand Central Investment Group grew its position in Exxon Mobil by 1.3% during the second quarter. Grand Central Investment Group now owns 32,868 shares of the oil and gas company’s stock valued at $2,815,000 after buying an additional 417 shares during the period. Flagship Harbor Advisors LLC grew its position in Exxon Mobil by 3.5% during the second quarter. Flagship Harbor Advisors LLC now owns 28,897 shares of the oil and gas company’s stock valued at $2,475,000 after buying an additional 973 shares during the period. Monterey Private Wealth Inc. grew its position in Exxon Mobil by 1.6% during the second quarter. Monterey Private Wealth Inc. now owns 21,999 shares of the oil and gas company’s stock valued at $1,884,000 after buying an additional 349 shares during the period. IMS Capital Management grew its position in Exxon Mobil by 3.3% during the second quarter. IMS Capital Management now owns 5,380 shares of the oil and gas company’s stock valued at $461,000 after buying an additional 173 shares during the period. Finally, Private Advisor Group LLC grew its position in Exxon Mobil by 2.8% during the second quarter. Private Advisor Group LLC now owns 558,106 shares of the oil and gas company’s stock valued at $47,796,000 after buying an additional 15,400 shares during the period. Institutional investors and hedge funds own 56.84% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $90.57 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The firm’s 50-day moving average is $93.05 and its two-hundred day moving average is $89.79. Exxon Mobil Co. has a 12 month low of $55.28 and a 12 month high of $105.57. The company has a market capitalization 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 (NYSE:XOMGet Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company had revenue of $115.68 billion for the quarter, compared to the consensus estimate of $111.67 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. Exxon Mobil’s quarterly revenue was up 70.8% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 12.67 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Piper Sandler dropped their target price on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a research report on Monday, September 12th. Barclays lifted their target price on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Truist Financial dropped their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Bank of America lifted their target price on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Finally, Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $96.69.

Insider Activity

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

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.

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

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