Private Advisor Group LLC Acquires 15,400 Shares of Exxon Mobil Co. (NYSE:XOM)

Private Advisor Group LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 558,106 shares of the oil and gas company’s stock after buying an additional 15,400 shares during the period. Private Advisor Group LLC’s holdings in Exxon Mobil were worth $47,796,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XOM. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Exxon Mobil by 7.2% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,048 shares of the oil and gas company’s stock worth $370,000 after buying an additional 404 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $1,451,000. Jag Capital Management LLC increased its holdings in shares of Exxon Mobil by 12.5% in the 4th quarter. Jag Capital Management LLC now owns 4,818 shares of the oil and gas company’s stock worth $295,000 after buying an additional 535 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Exxon Mobil by 3.5% in the 4th quarter. IHT Wealth Management LLC now owns 29,816 shares of the oil and gas company’s stock worth $1,824,000 after buying an additional 1,021 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Exxon Mobil by 6.7% during the 4th quarter. LPL Financial LLC now owns 2,965,564 shares of the oil and gas company’s stock worth $181,463,000 after purchasing an additional 186,163 shares during the period. 56.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on XOM. Truist Financial dropped their price target 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. Bank of America lifted their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, August 1st. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 6th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $125.00 price objective on shares of Exxon Mobil in a research report on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $96.69.

Exxon Mobil Trading Down 0.4 %

NYSE XOM opened at $90.57 on Friday. 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 firm has a market cap of $377.46 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.07. The company has a 50 day moving average price of $93.05 and a 200 day moving average price of $89.79. Exxon Mobil Co. has a 52 week low of $55.28 and a 52 week high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. During the same quarter in the previous year, the business posted $1.10 EPS. Exxon Mobil’s revenue 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 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling at Exxon Mobil

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

Exxon Mobil Company 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.

Further Reading

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOMGet Rating).

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.