Hourglass Capital LLC Acquires 575 Shares of Exxon Mobil Corporation $XOM

Hourglass Capital LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,457 shares of the oil and gas company’s stock after acquiring an additional 575 shares during the period. Exxon Mobil accounts for 1.5% of Hourglass Capital LLC’s portfolio, making the stock its 26th largest holding. Hourglass Capital LLC’s holdings in Exxon Mobil were worth $5,870,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Axis Wealth Partners LLC increased its stake in shares of Exxon Mobil by 1.8% in the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after purchasing an additional 90 shares in the last quarter. Park Edge Advisors LLC increased its stake in shares of Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after purchasing an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. increased its stake in shares of Exxon Mobil by 3.6% in the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 91 shares in the last quarter. Chapin Davis Inc. increased its stake in shares of Exxon Mobil by 2.1% in the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after purchasing an additional 93 shares in the last quarter. Finally, Cascade Investment Group Inc. increased its stake in shares of Exxon Mobil by 2.1% in the second quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock worth $476,000 after purchasing an additional 93 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity 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 shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on XOM shares. Morgan Stanley increased their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Wells Fargo & Company started coverage on shares of Exxon Mobil in a research note on Friday. They issued an “overweight” rating and a $156.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Mizuho cut their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.58.

Exxon Mobil Stock Performance

XOM opened at $112.20 on Friday. The stock has a market capitalization of $478.34 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.02 and a beta of 0.51. The company has a fifty day moving average of $111.83 and a 200 day moving average of $109.19. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

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.