Los Angeles Capital Management LLC Purchases 214,819 Shares of Exxon Mobil Corporation $XOM

Los Angeles Capital Management LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 92.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 446,858 shares of the oil and gas company’s stock after purchasing an additional 214,819 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Exxon Mobil were worth $48,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Eagle Capital Management LLC boosted its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 376 shares in the last quarter. Brucke Financial Inc. grew its stake in Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after buying an additional 142 shares during the last quarter. Greenleaf Trust increased its holdings in shares of Exxon Mobil by 5.9% during the first quarter. Greenleaf Trust now owns 119,183 shares of the oil and gas company’s stock worth $14,174,000 after buying an additional 6,605 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Exxon Mobil by 8.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 21,791 shares of the oil and gas company’s stock valued at $2,592,000 after acquiring an additional 1,725 shares during the last quarter. Finally, Dogwood Wealth Management LLC boosted its holdings in shares of Exxon Mobil by 5.4% in the 1st quarter. Dogwood Wealth Management LLC now owns 2,355 shares of the oil and gas company’s stock worth $280,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on XOM. Barclays lowered their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Piper Sandler set a $141.00 target price on Exxon Mobil in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, Bank of America boosted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.50.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Up 2.3%

NYSE:XOM opened at $117.19 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The stock has a 50-day moving average price of $113.45 and a two-hundred day moving average price of $110.27. The stock has a market cap of $499.59 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.06 and a beta of 0.49. 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 issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Friday, November 14th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s payout ratio is 59.88%.

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.