2,517 Shares in Exxon Mobil Corporation $XOM Bought by Five Oceans Advisors

Key Points

• Five Oceans Advisors purchased a new stake in Exxon Mobil Corporation, acquiring 2,517 shares valued at approximately $271,000 during the second quarter.
• Exxon Mobil's recent earnings report showed $1.64 earnings per share, surpassing analysts' expectations of $1.47, although revenue dropped 12.4% year-over-year.
• The company announced a quarterly dividend of $0.99 per share, resulting in an annualized yield of 3.4% and a payout ratio of 56.25%.

Five Oceans Advisors acquired a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,517 shares of the oil and gas company's stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. EdgeRock Capital LLC lifted its position in shares of Exxon Mobil by 6.9% during the 2nd quarter. EdgeRock Capital LLC now owns 4,682 shares of the oil and gas company's stock valued at $507,000 after buying an additional 304 shares in the last quarter. Patron Partners LLC raised its position in Exxon Mobil by 4.1% in the second quarter. Patron Partners LLC now owns 37,076 shares of the oil and gas company's stock valued at $3,997,000 after purchasing an additional 1,466 shares during the period. BankPlus Wealth Management LLC boosted its position in shares of Exxon Mobil by 11.9% during the 2nd quarter. BankPlus Wealth Management LLC now owns 4,711 shares of the oil and gas company's stock worth $508,000 after acquiring an additional 500 shares in the last quarter. Randolph Co Inc raised its stake in Exxon Mobil by 1.4% during the 2nd quarter. Randolph Co Inc now owns 223,747 shares of the oil and gas company's stock valued at $24,120,000 after acquiring an additional 3,092 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Exxon Mobil by 4.3% in the 2nd quarter. CX Institutional now owns 112,712 shares of the oil and gas company's stock worth $12,150,000 after acquiring an additional 4,645 shares during the period. 61.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research reports. Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Mizuho decreased their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. UBS Group lifted their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Finally, Piper Sandler increased their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $125.00.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Up 1.3%

NYSE:XOM opened at $117.15 on Friday. The stock's fifty day simple moving average is $110.83 and its 200-day simple moving average is $109.52. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market capitalization of $499.44 billion, a P/E ratio of 16.64, a P/E/G ratio of 2.11 and a beta of 0.57. 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 posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the prior year, the business posted $2.14 earnings per share. Exxon Mobil's quarterly revenue was down 12.4% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

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.

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