SS&H Financial Advisors Inc. Raises Stake in Exxon Mobil Corporation $XOM

SS&H Financial Advisors Inc. lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 43.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 53,656 shares of the oil and gas company’s stock after buying an additional 16,266 shares during the quarter. Exxon Mobil accounts for approximately 1.9% of SS&H Financial Advisors Inc.’s holdings, making the stock its 12th largest position. SS&H Financial Advisors Inc.’s holdings in Exxon Mobil were worth $5,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in Exxon Mobil by 0.6% in the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 22,559 shares of the oil and gas company’s stock valued at $2,432,000 after purchasing an additional 132 shares during the period. GHP Investment Advisors Inc. grew its holdings in Exxon Mobil by 1.8% in the second quarter. GHP Investment Advisors Inc. now owns 68,449 shares of the oil and gas company’s stock valued at $7,379,000 after purchasing an additional 1,225 shares during the period. Plato Investment Management Ltd grew its holdings in Exxon Mobil by 0.9% in the second quarter. Plato Investment Management Ltd now owns 75,056 shares of the oil and gas company’s stock valued at $8,061,000 after purchasing an additional 689 shares during the period. Longbow Finance SA grew its holdings in Exxon Mobil by 101.1% in the second quarter. Longbow Finance SA now owns 261,418 shares of the oil and gas company’s stock valued at $28,181,000 after purchasing an additional 131,418 shares during the period. Finally, Beam Wealth Advisors Inc. grew its holdings in Exxon Mobil by 6.9% in the second quarter. Beam Wealth Advisors Inc. now owns 27,138 shares of the oil and gas company’s stock valued at $2,925,000 after purchasing an additional 1,754 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction 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 directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 0.2%

Shares of XOM stock opened at $114.52 on Friday. The stock has a market cap of $488.21 billion, a price-to-earnings ratio of 16.27, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. 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 fifty-two week low of $97.80 and a fifty-two week high of $123.21. The firm’s 50 day moving average price is $113.26 and its two-hundred day moving average price is $109.99.

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. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on XOM shares. UBS Group boosted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Wells Fargo & Company started coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price for the company. Barclays lowered their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a report on Tuesday, October 7th. Finally, Morgan Stanley lifted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

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.