Parisi Gray Wealth Management grew its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 11.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,369 shares of the oil and gas company’s stock after acquiring an additional 249 shares during the period. Parisi Gray Wealth Management’s holdings in Exxon Mobil were worth $260,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Your Advocates Ltd. LLP lifted its stake in shares of Exxon Mobil by 0.7% in the first quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company’s stock valued at $1,335,000 after buying an additional 86 shares during the period. Murphy Middleton Hinkle & Parker Inc. lifted its stake in Exxon Mobil by 0.8% during the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock worth $1,237,000 after purchasing an additional 87 shares during the period. Revolve Wealth Partners LLC lifted its stake in Exxon Mobil by 1.4% during the first quarter. Revolve Wealth Partners LLC now owns 6,555 shares of the oil and gas company’s stock worth $719,000 after purchasing an additional 92 shares during the period. Rosenberg Matthew Hamilton lifted its stake in Exxon Mobil by 1.2% during the first quarter. Rosenberg Matthew Hamilton now owns 8,259 shares of the oil and gas company’s stock worth $906,000 after purchasing an additional 95 shares during the period. Finally, Darwin Wealth Management LLC increased its holdings in shares of Exxon Mobil by 2.3% during the first quarter. Darwin Wealth Management LLC now owns 4,283 shares of the oil and gas company’s stock worth $491,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.
Insider Buying and Selling at Exxon Mobil
In other news, Director Jeffrey W. Ubben purchased 458,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the acquisition, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jeffrey W. Ubben purchased 458,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the acquisition, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.
Exxon Mobil Stock Up 0.2 %
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The company had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The firm’s quarterly revenue was down 28.3% on a year-over-year basis. During the same quarter last year, the company posted $4.14 EPS. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.94 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is currently 29.12%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Mizuho raised their price target on shares of Exxon Mobil from $131.00 to $139.00 and gave the company a “buy” rating in a report on Monday, September 18th. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday. StockNews.com started coverage on shares of Exxon Mobil in a report on Thursday, August 17th. They set a “hold” rating for the company. Wolfe Research lowered shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $120.00 target price on shares of Exxon Mobil in a report on Thursday. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $123.74.
Get Our Latest Stock Report on XOM
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.
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