Exxon Mobil Corporation $XOM Shares Acquired by Aprio Wealth Management LLC

Key Points

• Aprio Wealth Management LLC increased its shares in Exxon Mobil Corporation by 23.0%, owning a total of 16,856 shares valued at approximately $2,005,000.
• Exxon Mobil reported earnings of $1.64 EPS, exceeding analysts' expectations, with revenues of $81.51 billion for the quarter, indicating a 12.4% decline compared to the previous year.
• The company announced a quarterly dividend of $0.99, reflecting a 3.5% dividend yield, with a payout ratio of 56.25%.

Aprio Wealth Management LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 16,856 shares of the oil and gas company's stock after acquiring an additional 3,148 shares during the quarter. Aprio Wealth Management LLC's holdings in Exxon Mobil were worth $2,005,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. 10Elms LLP purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil in the 1st quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Exxon Mobil in the 4th quarter valued at about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Exxon Mobil stock traded down $3.17 during mid-day trading on Friday, reaching $109.23. 16,823,996 shares of the company were exchanged, compared to its average volume of 14,092,043. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm's 50-day simple moving average is $110.45 and its two-hundred day simple moving average is $109.13. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market cap of $465.66 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.10 and a beta of 0.57.

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, topping 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 company had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same period last year, the firm earned $2.14 EPS. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. Equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued 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 dividend payout ratio (DPR) is currently 56.25%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Piper Sandler raised their price target on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Mizuho dropped their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Wall Street Zen downgraded Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Exxon Mobil has an average rating of "Hold" and a consensus price target of $125.00.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

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.