SteelPeak Wealth LLC Has $7.93 Million Stock Position in Exxon Mobil Corporation $XOM

SteelPeak Wealth LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 90.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,603 shares of the oil and gas company’s stock after acquiring an additional 34,882 shares during the period. SteelPeak Wealth LLC’s holdings in Exxon Mobil were worth $7,934,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Exxon Mobil by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock valued at $5,390,318,000 after acquiring an additional 1,340,343 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Exxon Mobil by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock valued at $3,850,167,000 after purchasing an additional 512,860 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Amundi lifted its stake in Exxon Mobil by 9.7% in the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock valued at $2,966,598,000 after purchasing an additional 2,329,964 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock worth $3,028,968,000 after purchasing an additional 909,386 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $114.08 on Thursday. The firm has a 50-day moving average price of $111.28 and a two-hundred day moving average price of $109.54. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $124.26. The company has a market capitalization of $486.35 billion, a P/E ratio of 16.20, a P/E/G ratio of 2.07 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Announces Dividend

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

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was 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. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XOM. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. UBS Group boosted their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Bank of America raised their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a report on Tuesday. Finally, Melius Research assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.79.

About Exxon Mobil

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.