Exxon Mobil Co. (NYSE:XOM) Shares Bought by Security Asset Management

Security Asset Management grew its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 12.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,875 shares of the oil and gas company’s stock after purchasing an additional 1,332 shares during the quarter. Security Asset Management’s holdings in Exxon Mobil were worth $1,302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new position in shares of Exxon Mobil during the first quarter worth about $25,000. Dark Forest Capital Management LP acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $27,000. Corrado Advisors LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $28,000. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $36,000. Finally, Artemis Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil during the first quarter worth about $36,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $0.18 during midday trading on Wednesday, hitting $113.35. 6,077,627 shares of the company’s stock were exchanged, compared to its average volume of 15,925,033. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The stock’s 50 day moving average price is $107.05 and its 200-day moving average price is $108.19. The firm has a market cap of $453.76 billion, a P/E ratio of 9.11, a PEG ratio of 0.59 and a beta of 1.08. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business’s quarterly revenue was down 28.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.14 earnings per share. Equities research analysts anticipate that Exxon Mobil Co. will post 8.94 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.21%. Exxon Mobil’s dividend payout ratio (DPR) is 29.12%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was 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 of the company’s stock, valued at $3,193,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Exxon Mobil news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was 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 of the company’s stock, valued at $3,193,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XOM. HSBC lifted their target price on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Jefferies Financial Group dropped their target price on Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $100.00 to $105.00 in a research report on Thursday, August 31st. Truist Financial dropped their target price 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. Finally, Wolfe Research lowered 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. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.43.

Exxon Mobil Company 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.