Apexium Financial LP Buys 2,599 Shares of Exxon Mobil Corporation $XOM

Key Points

• Apexium Financial LP increased its stake in Exxon Mobil Corporation by 22.6% during the first quarter, acquiring an additional 2,599 shares to reach a total of 14,081 shares valued at approximately $1,675,000.
• Exxon Mobil reported $1.64 earnings per share (EPS) for the last quarter, surpassing analysts' expectations of $1.47 per share, despite a 12.4% decrease in quarterly revenue compared to the previous year.
• The company recently declared a quarterly dividend of $0.99 per share, resulting in an annualized dividend of $3.96 and a dividend yield of 3.6%.

Apexium Financial LP boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,081 shares of the oil and gas company's stock after acquiring an additional 2,599 shares during the period. Apexium Financial LP's holdings in Exxon Mobil were worth $1,675,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Exxon Mobil by 30.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,785 shares of the oil and gas company's stock valued at $1,639,000 after acquiring an additional 3,244 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Exxon Mobil in the first quarter valued at $420,000. Quantitative Investment Management LLC bought a new stake in Exxon Mobil in the first quarter valued at $6,529,000. Jump Financial LLC boosted its holdings in Exxon Mobil by 1,241.2% in the first quarter. Jump Financial LLC now owns 89,350 shares of the oil and gas company's stock valued at $10,626,000 after acquiring an additional 82,688 shares in the last quarter. Finally, SVB Wealth LLC boosted its holdings in Exxon Mobil by 5.2% in the first quarter. SVB Wealth LLC now owns 163,088 shares of the oil and gas company's stock valued at $19,396,000 after acquiring an additional 8,036 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

XOM opened at $111.1220 on Friday. The stock has a 50-day moving average price of $110.24 and a 200-day moving average price of $108.88. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market cap of $473.74 billion, a PE ratio of 15.78, a P/E/G ratio of 2.08 and a beta of 0.53. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

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

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's payout ratio is currently 56.25%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Sunday. Finally, UBS Group boosted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil currently has an average rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil 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.

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