Exxon Mobil Corporation $XOM Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its position in Exxon Mobil Corporation (NYSE:XOM) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 321,607 shares of the oil and gas company’s stock after acquiring an additional 4,256 shares during the period. Exxon Mobil makes up 0.9% of First Horizon Advisors Inc.’s portfolio, making the stock its 29th biggest position. First Horizon Advisors Inc.’s holdings in Exxon Mobil were worth $34,669,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in XOM. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil in the first quarter worth about $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil in the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC boosted its holdings in shares of Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after buying an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil in the second quarter worth about $38,000. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. Mizuho decreased their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. UBS Group lifted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 7th. Finally, Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $128.50.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $114.09 on Wednesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The firm has a fifty day simple moving average of $113.35 and a 200-day simple moving average of $110.13. The stock has a market capitalization of $486.40 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.06 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be paid a $1.03 dividend. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s payout ratio is presently 57.56%.

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.