Exxon Mobil Corporation $XOM Stake Boosted by Modern Wealth Management LLC

Modern Wealth Management LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.4% in the 1st quarter, Holdings Channel reports. The firm owned 116,394 shares of the oil and gas company’s stock after acquiring an additional 4,874 shares during the quarter. Modern Wealth Management LLC’s holdings in Exxon Mobil were worth $13,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil in the 1st quarter worth approximately $29,000. Elequin Capital LP bought a new position in Exxon Mobil in the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new position in Exxon Mobil in the 4th quarter worth approximately $32,000. 61.80% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent analyst reports. Bank of America increased their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday. Piper Sandler increased their price objective on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, UBS Group upped their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.81.

Exxon Mobil Stock Performance

XOM opened at $112.26 on Friday. The company has a market capitalization of $478.59 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a 50 day moving average price of $110.55 and a two-hundred day moving average price of $109.14.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 earnings per share. Research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Exxon Mobil Profile

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.