Lodestar Private Asset Management LLC Boosts Holdings in Exxon Mobil Corporation $XOM

Lodestar Private Asset Management LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 26.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,163 shares of the oil and gas company’s stock after buying an additional 2,528 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in Exxon Mobil were worth $1,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Nuveen LLC acquired a new stake in Exxon Mobil during the 1st quarter valued at approximately $2,730,414,000. GQG Partners LLC raised its position in shares of Exxon Mobil by 15,135.7% in the 1st 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 purchasing an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at approximately $607,621,000. Ameriprise Financial Inc. grew its position in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after buying an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of 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 worth $598,280,000 after buying an additional 2,332,293 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.40 on Wednesday. The company has a market cap of $479.21 billion, a P/E ratio of 15.97, a PEG ratio of 2.03 and a beta of 0.51. The business has a 50 day moving average of $111.52 and a two-hundred day moving average of $109.34. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21. 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 (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Analyst Upgrades and Downgrades

XOM has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Barclays lowered their price objective on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. UBS Group increased their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a report on Monday. Finally, Piper Sandler set a $141.00 target price on Exxon Mobil in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $126.05.

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.