Wahed Invest LLC Purchases 109 Shares of Exxon Mobil Co. (NYSE:XOM)

Wahed Invest LLC grew its position in Exxon Mobil Co. (NYSE:XOM) by 0.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,881 shares of the oil and gas company’s stock after acquiring an additional 109 shares during the period. Exxon Mobil comprises approximately 2.5% of Wahed Invest LLC’s investment portfolio, making the stock its 7th biggest position. Wahed Invest LLC’s holdings in Exxon Mobil were worth $5,799,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Stone House Investment Management LLC acquired a new position in Exxon Mobil during the first quarter worth $25,000. Dark Forest Capital Management LP purchased a new position in Exxon Mobil in the 4th quarter valued at about $27,000. Corrado Advisors LLC acquired a new stake in Exxon Mobil in the 4th quarter worth about $28,000. Artemis Wealth Advisors LLC purchased a new stake in Exxon Mobil during the 1st quarter worth approximately $36,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $36,000. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 0.7 %

Exxon Mobil stock traded down $0.78 during midday trading on Monday, reaching $114.83. 5,854,644 shares of the stock traded hands, compared to its average volume of 15,884,024. The firm has a market cap of $459.69 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $107.54 and a two-hundred day simple moving average of $108.27. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). The business had revenue of $82.91 billion during 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 revenue was down 28.3% on a year-over-year basis. During the same quarter last year, the firm earned $4.14 EPS. Research analysts expect that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.17%. The ex-dividend date is Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

Insider Buying and Selling at Exxon Mobil

In other 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 transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Jeffrey W. Ubben acquired 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were bought at an average price 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 in the company, valued at $174,830,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now 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.

Analysts Set New Price Targets

Several analysts recently commented on the company. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $100.00 to $105.00 in a research report on Thursday, August 31st. HSBC increased their target price on shares of Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Piper Sandler lowered their price target on shares of Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Jefferies Financial Group cut their price objective on shares of Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Finally, Mizuho upped their price target on Exxon Mobil from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Wednesday, August 16th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $123.43.

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.