Soltis Investment Advisors LLC Has $3.05 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Soltis Investment Advisors LLC raised its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 100.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,960 shares of the oil and gas company’s stock after buying an additional 18,530 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,052,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Hilton Capital Management LLC acquired a new position in Exxon Mobil in the 1st quarter valued at approximately $420,000. Quadrant Capital Group LLC increased its stake in shares of Exxon Mobil by 24.0% during the 1st quarter. Quadrant Capital Group LLC now owns 33,782 shares of the oil and gas company’s stock worth $2,790,000 after purchasing an additional 6,540 shares during the last quarter. Roble Belko & Company Inc increased its stake in shares of Exxon Mobil by 3.4% during the 1st quarter. Roble Belko & Company Inc now owns 5,695 shares of the oil and gas company’s stock worth $470,000 after purchasing an additional 187 shares during the last quarter. BDO Wealth Advisors LLC increased its stake in shares of Exxon Mobil by 53.8% during the 1st quarter. BDO Wealth Advisors LLC now owns 17,933 shares of the oil and gas company’s stock worth $1,481,000 after purchasing an additional 6,272 shares during the last quarter. Finally, Cadent Capital Advisors LLC increased its stake in shares of Exxon Mobil by 4.9% during the 1st quarter. Cadent Capital Advisors LLC now owns 19,643 shares of the oil and gas company’s stock worth $1,622,000 after purchasing an additional 916 shares during the last quarter. Institutional investors and hedge funds own 54.07% of the company’s stock.

Exxon Mobil Trading Down 4.2 %

Shares of Exxon Mobil stock opened at $87.19 on Friday. The stock has a market capitalization of $367.29 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09. 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 company has a 50-day simple moving average of $91.11 and a 200 day simple moving average of $85.81. Exxon Mobil Co. has a 12-month low of $52.10 and a 12-month high of $105.57.

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

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be given 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 presently 38.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total value of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the sale, the vice president now owns 32,510 shares in the company, valued at approximately $3,142,091.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil 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 sale, the vice president now owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,147 shares of company stock worth $698,858. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on XOM shares. Argus increased their price target on shares of Exxon Mobil from $92.00 to $104.00 in a research note on Monday, May 9th. Truist Financial dropped their price target on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research note on Tuesday, July 19th. The Goldman Sachs Group raised their target price on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Citigroup raised their target price on shares of Exxon Mobil from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 19th. Finally, Cowen raised their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $96.40.

Exxon Mobil Profile

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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.

Further Reading

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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