Traphagen Investment Advisors LLC Has $1.56 Million Holdings in Exxon Mobil Corporation $XOM

Traphagen Investment Advisors LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 5.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,444 shares of the oil and gas company’s stock after acquiring an additional 798 shares during the period. Traphagen Investment Advisors LLC’s holdings in Exxon Mobil were worth $1,557,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Winthrop Advisory Group LLC grew its position in Exxon Mobil by 25.0% in the second quarter. Winthrop Advisory Group LLC now owns 5,621 shares of the oil and gas company’s stock valued at $606,000 after acquiring an additional 1,123 shares during the period. Citizens National Bank Trust Department grew its position in Exxon Mobil by 0.3% in the second quarter. Citizens National Bank Trust Department now owns 85,403 shares of the oil and gas company’s stock valued at $9,206,000 after acquiring an additional 276 shares during the period. Hendley & Co. Inc. grew its position in Exxon Mobil by 2.5% in the second quarter. Hendley & Co. Inc. now owns 19,207 shares of the oil and gas company’s stock valued at $2,071,000 after acquiring an additional 465 shares during the period. NBT Bank N A NY grew its position in Exxon Mobil by 0.4% in the second quarter. NBT Bank N A NY now owns 175,168 shares of the oil and gas company’s stock valued at $18,883,000 after acquiring an additional 660 shares during the period. Finally, Abel Hall LLC grew its position in Exxon Mobil by 23.6% in the second quarter. Abel Hall LLC now owns 17,274 shares of the oil and gas company’s stock valued at $1,862,000 after acquiring an additional 3,302 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Exxon Mobil Trading Down 1.8%

NYSE:XOM opened at $110.93 on Friday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $124.26. The business’s 50-day moving average price is $111.32 and its two-hundred day moving average price is $109.48. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $472.94 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.04 and a beta of 0.51.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group upped their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Barclays lowered their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday. Mizuho lowered their target price on 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, Piper Sandler set a $141.00 target price on Exxon Mobil in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.95.

Insider Activity at Exxon Mobil

In other 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 owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil 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.