Exxon Mobil Co. (NYSE:XOM) Stake Raised by Thrive Wealth Management LLC

Thrive Wealth Management LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 6.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 7,395 shares of the oil and gas company’s stock after purchasing an additional 443 shares during the quarter. Thrive Wealth Management LLC’s holdings in Exxon Mobil were worth $633,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swaine & Leidel Wealth Services LLC bought a new stake in Exxon Mobil in the first quarter worth about $38,000. GW&K Investment Management LLC acquired a new stake in Exxon Mobil during the 1st quarter worth about $32,000. Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the 2nd quarter worth about $38,000. GoalVest Advisory LLC acquired a new stake in Exxon Mobil during the 1st quarter worth about $38,000. Finally, Dravo Bay LLC acquired a new stake in Exxon Mobil during the 1st quarter worth about $38,000. 56.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the transaction, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jeffrey W. Ubben purchased 960,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were acquired at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the acquisition, the director now owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on XOM shares. Truist Financial cut their price objective on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a report on Tuesday, July 19th. Credit Suisse Group restated an “outperform” rating and set a $125.00 price objective on shares of Exxon Mobil in a report on Thursday, August 11th. Barclays boosted their price objective on Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a report on Tuesday, May 31st. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Piper Sandler lowered their target price on Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a research note on Monday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $96.69.

Exxon Mobil Stock Down 1.7 %

Shares of Exxon Mobil stock opened at $93.21 on Monday. The stock has a market capitalization of $388.47 billion, a P/E ratio of 10.20, a PEG ratio of 0.31 and a beta of 1.07. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $92.47 and a two-hundred day moving average price of $89.62. Exxon Mobil Co. has a 12-month low of $52.96 and a 12-month high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last announced its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The firm had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company’s revenue was up 70.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 12.69 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a yield of 3.78%. Exxon Mobil’s payout ratio is currently 38.51%.

Exxon Mobil Profile

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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