15,128 Shares in Exxon Mobil Corporation $XOM Bought by Ransom Advisory Ltd

Key Points

• Ransom Advisory Ltd has acquired 15,128 shares of Exxon Mobil Corporation (NYSE:XOM), valued at approximately $1,799,000, indicating increasing institutional interest in the stock.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, representing an annual yield of 3.6% and a payout ratio of 56.25%.
• Analysts have mixed ratings on Exxon Mobil, with an average target price of $125.00, while recent reports highlight upgrades in target prices by firms such as TD Cowen, which set a new target of $128.00.

Ransom Advisory Ltd bought a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 15,128 shares of the oil and gas company's stock, valued at approximately $1,799,000.

A number of other large investors have also recently added to or reduced their stakes in XOM. Quantinno Capital Management LP lifted its position in Exxon Mobil by 24.1% during the 4th quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares in the last quarter. Journey Strategic Wealth LLC lifted its position in Exxon Mobil by 6.7% during the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after buying an additional 1,379 shares in the last quarter. Legacy Trust lifted its position in Exxon Mobil by 12.7% during the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares in the last quarter. Hartford Funds Management Co LLC lifted its position in Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after buying an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. lifted its position in Exxon Mobil by 23.9% during the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after buying an additional 18,752 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock traded down $0.24 during trading on Thursday, reaching $112.26. The company's stock had a trading volume of 11,532,749 shares, compared to its average volume of 14,239,243. The business's 50-day moving average price is $110.55 and its 200-day moving average price is $109.14. The firm has a market cap of $478.59 billion, a PE ratio of 15.95, a P/E/G ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.14 earnings per share. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Melius assumed coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Hold" and an average target price of $124.81.

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.