Elgethun Capital Management Has $638,000 Position in Exxon Mobil Co. (NYSE:XOM)

Elgethun Capital Management raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,948 shares of the oil and gas company’s stock after buying an additional 100 shares during the quarter. Elgethun Capital Management’s holdings in Exxon Mobil were worth $638,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of XOM. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Exxon Mobil by 100,169.8% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,032,339,935 shares of the oil and gas company’s stock valued at $110,718,458,000 after purchasing an additional 1,031,310,373 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Exxon Mobil by 140,855.3% during the 4th 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 purchasing an additional 123,254,064 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil in the 4th quarter valued at approximately $5,226,390,000. Price T Rowe Associates Inc. MD lifted its stake in Exxon Mobil by 16.0% in the 1st 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 acquiring an additional 6,580,247 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Exxon Mobil by 188.6% in the 1st 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 acquiring an additional 5,711,599 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on XOM. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Thursday, October 12th. Truist Financial upgraded Exxon Mobil from a “hold” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $131.00 in a research report on Thursday, October 12th. Morgan Stanley increased their price objective on Exxon Mobil from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Monday, October 2nd. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and raised their price target for the stock from $100.00 to $105.00 in a research report on Thursday, August 31st. Finally, Jefferies Financial Group raised their price target on Exxon Mobil from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

Exxon Mobil Trading Down 0.7 %

XOM stock traded down $0.70 during mid-day trading on Tuesday, reaching $103.80. The company’s stock had a trading volume of 3,595,798 shares, compared to its average volume of 16,882,721. The company has a market cap of $411.35 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 3.72 and a beta of 1.07. The business’s 50 day moving average price is $110.40 and its 200 day moving average price is $108.04. The company has a current ratio of 1.42, a quick ratio of 1.08 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $98.02 and a 12 month high of $120.70.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, October 27th. The oil and gas company reported $2.27 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.09). The business had revenue of $90.76 billion during the quarter, compared to the consensus estimate of $93.41 billion. Exxon Mobil had a return on equity of 20.72% and a net margin of 11.56%. The company’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.45 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 9.3 EPS for the current year.

Exxon Mobil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.95 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.66%. Exxon Mobil’s payout ratio is currently 37.74%.

Insider Activity

In other news, Director Jeffrey W. Ubben acquired 250,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average price of $105.97 per share, for a total transaction of $26,492,500.00. Following the completion of the acquisition, the director now directly owns 2,077,000 shares in the company, valued at approximately $220,099,690. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey W. Ubben bought 250,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were bought at an average cost of $105.97 per share, for a total transaction of $26,492,500.00. Following the transaction, the director now owns 2,077,000 shares of the company’s stock, valued at $220,099,690. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company’s stock.

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.