Alta Wealth Advisors LLC Buys 250 Shares of Exxon Mobil Corporation $XOM

Alta Wealth Advisors LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,902 shares of the oil and gas company’s stock after acquiring an additional 250 shares during the quarter. Alta Wealth Advisors LLC’s holdings in Exxon Mobil were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kickstand Ventures LLC. grew its position in Exxon Mobil by 70.4% during the 2nd quarter. Kickstand Ventures LLC. now owns 12,779 shares of the oil and gas company’s stock worth $1,378,000 after acquiring an additional 5,279 shares during the last quarter. Simplicity Wealth LLC grew its position in Exxon Mobil by 88.7% during the 2nd quarter. Simplicity Wealth LLC now owns 70,676 shares of the oil and gas company’s stock worth $7,619,000 after acquiring an additional 33,225 shares during the last quarter. Olistico Wealth LLC grew its position in Exxon Mobil by 17.3% during the 2nd quarter. Olistico Wealth LLC now owns 7,230 shares of the oil and gas company’s stock worth $779,000 after acquiring an additional 1,065 shares during the last quarter. Private Wealth Group LLC bought a new position in Exxon Mobil during the 2nd quarter worth approximately $473,000. Finally, Wealthcare Capital Partners LLC grew its position in Exxon Mobil by 5.3% during the 2nd quarter. Wealthcare Capital Partners LLC now owns 5,192 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 261 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler set a $141.00 price target on Exxon Mobil in a research report on Tuesday. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. UBS Group lifted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $124.75.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.0%

NYSE XOM opened at $114.19 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $124.26. The firm has a market capitalization of $486.82 billion, a PE ratio of 16.22, a P/E/G ratio of 2.08 and a beta of 0.51. The stock’s 50 day moving average is $111.23 and its 200 day moving average is $109.50.

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

Exxon Mobil Dividend Announcement

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

About Exxon Mobil

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.