Exxon Mobil Corporation $XOM Stock Position Raised by CORDA Investment Management LLC.

CORDA Investment Management LLC. lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,744 shares of the oil and gas company’s stock after buying an additional 1,446 shares during the period. CORDA Investment Management LLC.’s holdings in Exxon Mobil were worth $5,794,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Evermay Wealth Management LLC grew its position in shares of Exxon Mobil by 4.2% during the 2nd quarter. Evermay Wealth Management LLC now owns 11,535 shares of the oil and gas company’s stock valued at $1,244,000 after buying an additional 470 shares during the last quarter. FLC Capital Advisors grew its position in Exxon Mobil by 0.9% in the 2nd quarter. FLC Capital Advisors now owns 41,444 shares of the oil and gas company’s stock worth $4,468,000 after purchasing an additional 350 shares during the last quarter. Lyell Wealth Management LP grew its position in Exxon Mobil by 17.5% in the 2nd quarter. Lyell Wealth Management LP now owns 21,596 shares of the oil and gas company’s stock worth $2,328,000 after purchasing an additional 3,214 shares during the last quarter. Accretive Wealth Partners LLC grew its position in Exxon Mobil by 1.0% in the 2nd quarter. Accretive Wealth Partners LLC now owns 25,576 shares of the oil and gas company’s stock worth $2,757,000 after purchasing an additional 263 shares during the last quarter. Finally, Unison Advisors LLC grew its position in Exxon Mobil by 1.0% in the 2nd quarter. Unison Advisors LLC now owns 21,804 shares of the oil and gas company’s stock worth $2,350,000 after purchasing an additional 207 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the 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 completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on XOM shares. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Morgan Stanley upped their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 7th. Finally, Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.58.

Exxon Mobil Trading Up 0.0%

Shares of NYSE:XOM opened at $112.72 on Wednesday. The company has a 50 day moving average of $112.10 and a 200-day moving average of $109.25. The firm has a market cap of $480.55 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.02 and a beta of 0.51. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM) last issued its quarterly 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 during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is currently 56.25%.

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.