Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 1.6% in the second quarter, Holdings Channel reports. The institutional investor owned 21,999 shares of the oil and gas company’s stock after buying an additional 349 shares during the quarter. Exxon Mobil accounts for approximately 1.1% of Monterey Private Wealth Inc.’s portfolio, making the stock its 20th biggest position. Monterey Private Wealth Inc.’s holdings in Exxon Mobil were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Guardian Wealth Management Inc. bought a new position in Exxon Mobil during the fourth quarter worth $30,000. GW&K Investment Management LLC bought a new position in Exxon Mobil during the first quarter worth $32,000. CFS Investment Advisory Services LLC lifted its stake in Exxon Mobil by 8,482.4% during the first quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 1,624,980 shares during the last quarter. GoalVest Advisory LLC bought a new position in Exxon Mobil during the first quarter worth $38,000. Finally, Dravo Bay LLC bought a new position in Exxon Mobil during the first quarter worth $38,000. Institutional investors and hedge funds own 56.84% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $90.57 on Friday. The firm has a market capitalization of $377.46 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. Exxon Mobil Co. has a one year low of $55.28 and a one year high of $105.57. The stock’s fifty day moving average is $93.05 and its 200-day moving average is $89.79.

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

Exxon Mobil Announces Dividend

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

Insider Buying and Selling at Exxon Mobil

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

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 6th. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their target price for the company from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Barclays raised their target price on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. The Goldman Sachs Group raised their target price on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Finally, Truist Financial cut their target price on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research note on Tuesday, July 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.69.

About Exxon Mobil

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMGet Rating).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.