Monterey Private Wealth Inc. lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get 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 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
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.
- Get a free copy of the StockNews.com research report on Exxon Mobil (XOM)
- What Steelcase’s Earnings Say About the Return to the Office?
- The Institutions Hold On To Darden Restaurants International
- Is The Golden Age Of Homebuilding Already Over?
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
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.