Marotta Asset Management Makes New $602,000 Investment in Exxon Mobil Co. (NYSE:XOM)

Marotta Asset Management acquired a new position in Exxon Mobil Co. (NYSE:XOM) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,613 shares of the oil and gas company’s stock, valued at approximately $602,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Moneta Group Investment Advisors LLC grew its holdings in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares during the last quarter. Norges Bank purchased a new stake in shares of Exxon Mobil during the fourth quarter valued at approximately $5,226,390,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Exxon Mobil by 16.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock valued at $5,218,954,000 after buying an additional 6,580,247 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Exxon Mobil by 188.6% during the first quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock valued at $327,573,000 after buying an additional 5,711,599 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction dated 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 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 other news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value of $172,500.00. Following the completion of the sale, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey W. Ubben purchased 458,000 shares of Exxon Mobil stock in a transaction dated Monday, July 31st. The stock was acquired 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 disclosure for this purchase can be found here. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

XOM opened at $118.52 on Friday. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92. The stock has a market capitalization of $474.46 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 0.61 and a beta of 1.08. The company has a fifty day moving average of $108.07 and a 200 day moving average of $108.40. 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 (NYSE:XOM) last issued its quarterly earnings data 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). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. During the same period in the previous year, the business earned $4.14 earnings per share. The business’s quarterly revenue was down 28.3% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal 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 paid a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.07%. Exxon Mobil’s payout ratio is currently 29.12%.

Analyst Ratings Changes

A number of research firms have recently commented on XOM. HSBC increased their price target on shares of Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. StockNews.com assumed coverage on shares of Exxon Mobil in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Truist Financial dropped their target price on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. Morgan Stanley raised their target price on shares of Exxon Mobil from $121.00 to $124.00 and gave the stock an “overweight” rating in a report on Friday, August 18th. Finally, Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and raised their target price for the stock from $100.00 to $105.00 in a report on Thursday, August 31st. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price 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.