Private Advisor Group LLC Raises Stock Position in Exxon Mobil Co. (NYSE:XOM)

Private Advisor Group LLC increased its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 558,106 shares of the oil and gas company’s stock after purchasing an additional 15,400 shares during the quarter. Private Advisor Group LLC’s holdings in Exxon Mobil were worth $47,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Marcum Wealth LLC boosted its stake in shares of Exxon Mobil by 19.1% during the 1st quarter. Marcum Wealth LLC now owns 29,415 shares of the oil and gas company’s stock worth $2,429,000 after acquiring an additional 4,711 shares during the last quarter. Minot Wealth Management LLC boosted its stake in shares of Exxon Mobil by 15.5% during the 1st quarter. Minot Wealth Management LLC now owns 40,896 shares of the oil and gas company’s stock worth $3,378,000 after acquiring an additional 5,477 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Exxon Mobil by 13.3% during the 1st quarter. Revolve Wealth Partners LLC now owns 5,652 shares of the oil and gas company’s stock valued at $467,000 after purchasing an additional 664 shares during the period. Home Federal Bank of Tennessee raised its position in shares of Exxon Mobil by 1.1% during the 1st quarter. Home Federal Bank of Tennessee now owns 14,168 shares of the oil and gas company’s stock valued at $1,170,000 after purchasing an additional 150 shares during the period. Finally, Fort Sheridan Advisors LLC raised its position in shares of Exxon Mobil by 8.4% during the 1st quarter. Fort Sheridan Advisors LLC now owns 7,802 shares of the oil and gas company’s stock valued at $644,000 after purchasing an additional 606 shares during the period. Hedge funds and other institutional investors own 56.84% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the transaction, the director now directly owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the transaction, the director now directly owns 1,137,000 shares in the company, valued at $100,635,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, 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 owned by corporate insiders.

Exxon Mobil Price Performance

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

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.40. The company 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 quarterly revenue was up 70.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 EPS. Equities research analysts anticipate that Exxon Mobil Co. will post 12.67 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Analyst Ratings Changes

XOM has been the topic of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Barclays raised their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Credit Suisse Group reiterated an “outperform” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, August 11th. Finally, Morgan Stanley lifted their price target on shares of Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $96.69.

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

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

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