B.O.S.S. Retirement Advisors LLC Purchases 555 Shares of Exxon Mobil Corporation $XOM

B.O.S.S. Retirement Advisors LLC boosted its position in Exxon Mobil Corporation (NYSE:XOM) by 17.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,760 shares of the oil and gas company’s stock after acquiring an additional 555 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Exxon Mobil were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in XOM. Nuveen LLC bought a new position in Exxon Mobil in the first quarter valued at $2,730,414,000. GQG Partners LLC increased its stake in Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Exxon Mobil in the second quarter valued at $607,621,000. Ameriprise Financial Inc. increased its stake in Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after acquiring an additional 2,332,293 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $113.25 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $111.15 and a 200-day moving average of $109.56. The firm has a market cap of $482.81 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.02 and a beta of 0.51. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM) last posted 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 company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 earnings per share. Sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued 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 currently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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 directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent research reports. Bank of America raised their price objective on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Morgan Stanley raised their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a research note on Thursday, June 26th. Finally, Piper Sandler raised their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $125.00.

Exxon Mobil Company 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.