Exxon Mobil Corporation $XOM Shares Bought by Blackston Financial Advisory Group LLC

Blackston Financial Advisory Group LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,711 shares of the oil and gas company’s stock after acquiring an additional 613 shares during the period. Blackston Financial Advisory Group LLC’s holdings in Exxon Mobil were worth $1,155,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC lifted its holdings in Exxon Mobil by 6.7% in the 1st 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. Linscomb Wealth Inc. lifted its stake in shares of Exxon Mobil by 1.4% during the second quarter. Linscomb Wealth Inc. now owns 389,769 shares of the oil and gas company’s stock valued at $42,017,000 after buying an additional 5,527 shares during the period. Jones Financial Companies Lllp boosted its position in Exxon Mobil by 52.3% during the first quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company’s stock worth $45,149,000 after acquiring an additional 131,600 shares during the last quarter. OneAscent Wealth Management LLC grew its stake in Exxon Mobil by 116.7% in the 2nd quarter. OneAscent Wealth Management LLC now owns 7,657 shares of the oil and gas company’s stock worth $825,000 after acquiring an additional 4,123 shares during the period. Finally, Hartford Funds Management Co LLC grew its stake 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 acquiring an additional 2,617 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $117.19 on Monday. The firm has a fifty day moving average of $113.45 and a 200-day moving average of $110.30. 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. The firm has a market capitalization of $494.19 billion, a P/E ratio of 16.65, a PEG ratio of 2.06 and a beta of 0.49.

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

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. Exxon Mobil’s payout ratio is 59.88%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $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 can be accessed through this link. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on XOM shares. Wall Street Zen upgraded Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Melius Research assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a research note on Monday, November 3rd. Barclays cut their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Finally, Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $128.50.

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.