Patriot Investment Management Group Inc. decreased its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,537 shares of the oil and gas company’s stock after selling 1,137 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in Exxon Mobil were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in XOM. Stone House Investment Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $25,000. Dark Forest Capital Management LP bought a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $27,000. KB Financial Partners LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $27,000. Artemis Wealth Advisors LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $38,000. Institutional investors own 58.53% of the company’s stock.
Wall Street Analyst Weigh In
XOM has been the topic of several analyst reports. HSBC boosted their target price on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Morgan Stanley upped their price objective on Exxon Mobil from $124.00 to $131.00 and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company upped their price objective on Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday. Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating and upped their price objective for the company from $100.00 to $105.00 in a research report on Thursday, August 31st. Finally, Truist Financial cut their price objective on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.74.
Insider Activity
In other news, Director Jeffrey W. Ubben acquired 458,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction dated 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 $3,193,780. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jeffrey W. Ubben bought 458,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the acquisition, 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. Corporate insiders own 0.06% of the company’s stock.
Exxon Mobil Trading Up 0.2 %
Exxon Mobil stock opened at $114.94 on Monday. The stock has a 50-day moving average of $109.82 and a two-hundred day moving average of $108.65. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a one year low of $83.89 and a one year high of $119.92. The stock has a market cap of $460.13 billion, a PE ratio of 9.20, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The firm 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 revenue for the quarter was down 28.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.14 earnings per share. On average, research analysts anticipate that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.
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 issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio is presently 29.12%.
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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