Affinity Capital Advisors LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,178 shares of the oil and gas company’s stock, valued at approximately $234,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in Exxon Mobil during the first quarter worth about $25,000. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $27,000. Dark Forest Capital Management LP purchased a new stake in shares of Exxon Mobil during the 4th quarter worth approximately $27,000. Artemis Wealth Advisors LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth approximately $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new position in Exxon Mobil in the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.
Exxon Mobil Trading Up 0.2 %
Shares of XOM opened at $114.94 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1-year low of $83.89 and a 1-year high of $119.92. The company has a market capitalization of $460.13 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.60 and a beta of 1.08. The firm’s 50 day simple moving average is $109.82 and its 200 day simple moving average is $108.65.
Exxon Mobil Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.
Insider Buying and Selling
In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were acquired at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the transaction, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Mizuho raised their target price on Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. Wells Fargo & Company upped their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley lifted their target price on shares of Exxon Mobil from $124.00 to $131.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Piper Sandler dropped their price target on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.74.
View Our Latest Report on Exxon Mobil
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.
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