1,693 Shares in Exxon Mobil Corporation $XOM Bought by Rainier Family Wealth Inc.

Rainier Family Wealth Inc. acquired a new position in Exxon Mobil Corporation (NYSE:XOM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,693 shares of the oil and gas company’s stock, valued at approximately $201,000.

Other large investors have also recently bought and sold shares of the company. 10Elms LLP acquired a new position in Exxon Mobil during the 4th quarter worth $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP acquired a new position in Exxon Mobil during the 1st quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Down 0.2%

Shares of XOM opened at $112.26 on Friday. The company has a 50-day simple moving average of $110.55 and a 200-day simple moving average of $109.14. The firm has a market capitalization of $478.59 billion, a P/E ratio of 15.95, a P/E/G ratio of 2.06 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter in the prior year, the business earned $2.14 earnings per share. The firm’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Analysts Set New Price Targets

A number of research analysts have weighed in on XOM shares. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an “overweight” rating in a research report on Thursday, June 26th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler boosted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. UBS Group upped their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $124.81.

Exxon Mobil Company Profile

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.