Salomon & Ludwin LLC Purchases 305 Shares of Exxon Mobil Co. (NYSE:XOM)

Salomon & Ludwin LLC increased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,747 shares of the oil and gas company’s stock after purchasing an additional 305 shares during the quarter. Salomon & Ludwin LLC’s holdings in Exxon Mobil were worth $392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Wealth Management Inc. bought a new stake in Exxon Mobil during the 4th quarter valued at $30,000. Horan Securities Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $31,000. West Bancorporation Inc. purchased a new stake in shares of Exxon Mobil during the 4th quarter valued at $32,000. Nvwm LLC lifted its holdings in shares of Exxon Mobil by 100.0% during the 4th quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 300 shares during the last quarter. Finally, Core Wealth Advisors Inc. lifted its holdings in shares of Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 54.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on XOM shares. HSBC increased their price objective on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Royal Bank of Canada upgraded Exxon Mobil from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $90.00 to $100.00 in a research note on Thursday, April 21st. Morgan Stanley reduced their target price on Exxon Mobil from $107.00 to $106.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Finally, Barclays raised their target price on Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and an average price target of $96.40.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the sale, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $96.65, for a total value of $241,625.00. Following the transaction, the vice president now owns 32,510 shares in the company, valued at $3,142,091.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,147 shares of company stock worth $698,858. Insiders own 0.04% of the company’s stock.

Exxon Mobil Price Performance

NYSE:XOM opened at $87.19 on Friday. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $105.57. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $367.29 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09. The stock’s 50-day moving average price is $91.11 and its 200-day moving average price is $85.81.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. During the same period last year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 70.8% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 12.24 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Thursday, August 11th. Exxon Mobil’s payout ratio is 38.51%.

About Exxon Mobil

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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.