Balentine LLC Has $10.18 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Balentine LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 74.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,273 shares of the oil and gas company’s stock after buying an additional 52,670 shares during the period. Exxon Mobil accounts for about 0.5% of Balentine LLC’s investment portfolio, making the stock its 9th biggest holding. Balentine LLC’s holdings in Exxon Mobil were worth $10,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GoalVest Advisory LLC bought a new stake in shares of Exxon Mobil during the first quarter worth approximately $38,000. Guardian Wealth Management Inc. bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $30,000. Horan Securities Inc. bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $31,000. West Bancorporation Inc. bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $32,000. Finally, First Quadrant LLC CA increased its stake in Exxon Mobil by 236.8% in the first quarter. First Quadrant LLC CA now owns 522 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 367 shares in the last quarter. 54.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on XOM shares. StockNews.com downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Cowen upped their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Truist Financial lowered their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research note on Tuesday, July 19th. HSBC upped their target price on shares of Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a research note on Wednesday, July 20th. Finally, Royal Bank of Canada upgraded shares of Exxon Mobil from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $90.00 to $100.00 in a report on Thursday, April 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $96.40.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now owns 30,363 shares in the company, valued at $3,121,620.03. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Darrin L. Talley sold 2,500 shares of the 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 transaction, the vice president now directly owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares in the company, valued at $3,121,620.03. The disclosure for this sale can be found here. Insiders sold a total of 7,147 shares of company stock worth $698,858 over the last quarter. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Stock Performance

Shares of XOM opened at $88.45 on Friday. Exxon Mobil Co. has a 12 month low of $52.10 and a 12 month high of $105.57. The firm has a fifty day simple moving average of $90.93 and a 200 day simple moving average of $85.91. The stock has a market capitalization of $372.60 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly 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. The firm 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 company’s revenue for the quarter was up 70.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share. Research analysts forecast that Exxon Mobil Co. will post 12.35 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Thursday, August 11th. Exxon Mobil’s dividend payout ratio is currently 38.51%.

Exxon Mobil Profile

(Get Rating)

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.

Read More

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.