Leavell Investment Management Inc. Purchases 121 Shares of Exxon Mobil Corporation $XOM

Leavell Investment Management Inc. increased its position in Exxon Mobil Corporation (NYSE:XOM) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,511 shares of the oil and gas company’s stock after acquiring an additional 121 shares during the period. Leavell Investment Management Inc.’s holdings in Exxon Mobil were worth $7,385,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XOM. Journey Strategic Wealth LLC lifted its holdings in shares of Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company’s stock valued at $2,608,000 after purchasing an additional 1,379 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after buying an additional 131,600 shares in the last quarter. Hartford Funds Management Co LLC raised its position in Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company’s stock worth $912,000 after buying an additional 2,617 shares during the last quarter. Phoenix Financial Ltd. lifted its stake in Exxon Mobil by 23.9% during the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company’s stock valued at $11,561,000 after acquiring an additional 18,752 shares during the period. Finally, SteelPeak Wealth LLC boosted its holdings in shares of Exxon Mobil by 24.2% during the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company’s stock valued at $4,605,000 after acquiring an additional 7,543 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.5%

NYSE:XOM opened at $115.39 on Monday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The business has a fifty day moving average price of $112.58 and a 200-day moving average price of $109.56. The firm has a market capitalization of $491.94 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. 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 (NYSE:XOM) last released its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Sell-side analysts forecast 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. Investors of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Analyst Ratings Changes

Several research analysts have recently weighed in on XOM shares. Bank of America boosted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Friday. Barclays cut 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. Finally, UBS Group upped their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $127.58.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

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.