Mutual Advisors LLC Acquires 8,966 Shares of Exxon Mobil Co. (NYSE:XOM)

Mutual Advisors LLC boosted its position in Exxon Mobil Co. (NYSE:XOMFree Report) by 11.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 87,816 shares of the oil and gas company’s stock after purchasing an additional 8,966 shares during the period. Mutual Advisors LLC’s holdings in Exxon Mobil were worth $10,208,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. First Pacific Financial bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $34,000. Partnership Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $46,000. Vima LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $50,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $88,000. Finally, Christopher J. Hasenberg Inc purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at $91,000. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Stock Down 1.1 %

NYSE XOM opened at $110.99 on Wednesday. Exxon Mobil Co. has a 52 week low of $95.77 and a 52 week high of $123.75. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The business’s fifty day simple moving average is $114.36 and its 200-day simple moving average is $110.31. The firm has a market cap of $437.63 billion, a PE ratio of 13.60, a P/E/G ratio of 4.07 and a beta of 0.91.

Exxon Mobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, April 26th. The oil and gas company reported $2.06 EPS for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). The company had revenue of $83.08 billion during the quarter, compared to analyst estimates of $79.69 billion. Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.83 EPS. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.18 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Wednesday, May 15th were paid a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 annualized dividend and a yield of 3.42%. Exxon Mobil’s dividend payout ratio is currently 46.57%.

Analyst Ratings Changes

Several equities analysts recently commented on XOM shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $135.00 target price on shares of Exxon Mobil in a report on Tuesday. Barclays cut their price target on shares of Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday. UBS Group raised their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Truist Financial reissued a “hold” rating and set a $124.00 price target (down from $146.00) on shares of Exxon Mobil in a research report on Friday, June 7th. Finally, Mizuho lifted their price target on shares of Exxon Mobil from $125.00 to $128.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.41.

Get Our Latest Stock Report on XOM

About Exxon Mobil

(Free Report)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Further Reading

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

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