Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lifted by Grand Central Investment Group

Grand Central Investment Group increased its holdings in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,868 shares of the oil and gas company’s stock after buying an additional 417 shares during the period. Exxon Mobil comprises approximately 4.1% of Grand Central Investment Group’s investment portfolio, making the stock its 9th largest holding. Grand Central Investment Group’s holdings in Exxon Mobil were worth $2,815,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swaine & Leidel Wealth Services LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $38,000. GW&K Investment Management LLC purchased a new position in Exxon Mobil in the 1st quarter valued at $32,000. Marshall & Sullivan Inc. WA purchased a new position in Exxon Mobil in the 2nd quarter valued at $38,000. GoalVest Advisory LLC purchased a new position in Exxon Mobil in the 1st quarter valued at $38,000. Finally, Dravo Bay LLC purchased a new position in Exxon Mobil in the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 56.84% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $90.57 on Friday. The business has a 50-day moving average of $93.05 and a 200 day moving average of $89.79. Exxon Mobil Co. has a 12 month low of $55.28 and a 12 month high of $105.57. The stock has a market capitalization of $377.46 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87.

Exxon Mobil (NYSE:XOMGet Rating) last announced 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 company had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. During the same period last year, the business posted $1.10 EPS. Exxon Mobil’s revenue for the quarter was up 70.8% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 12.67 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is 38.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley raised their price objective on Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, September 6th. Piper Sandler decreased their price objective on Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a report on Monday, September 12th. Barclays raised their price objective on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. The Goldman Sachs Group raised their target price on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Finally, HSBC raised their target price on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $96.69.

Insider Activity at Exxon Mobil

In other news, Director Jeffrey W. Ubben bought 960,000 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the acquisition, the director now directly owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was acquired at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the purchase, the director now owns 1,137,000 shares of the company’s stock, valued at approximately $100,635,870. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by company insiders.

Exxon Mobil Company 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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