Arista Wealth Management LLC Boosts Stake in Exxon Mobil Corporation $XOM

Key Points

• Arista Wealth Management LLC dramatically increased its stake in Exxon Mobil Corporation by 571.8% in Q2, owning 33,767 shares valued at approximately $3.64 million.
• Several institutional investors have also boosted their positions in Exxon, with Graybill Wealth Management and Game Plan Financial Advisors making notable acquisitions.
• Exxon's stock is trading up 1.4% recently and has a consensus rating of "Moderate Buy" with a target price hovering around $127.58 according to analysts' reports.

Arista Wealth Management LLC increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 571.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 33,767 shares of the oil and gas company's stock after purchasing an additional 28,741 shares during the period. Exxon Mobil accounts for about 0.5% of Arista Wealth Management LLC's holdings, making the stock its 28th biggest holding. Arista Wealth Management LLC's holdings in Exxon Mobil were worth $3,640,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP acquired a new position in Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in 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 period. Game Plan Financial Advisors LLC increased its position in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, 1248 Management LLC acquired a new position in Exxon Mobil in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. UBS Group boosted their target price on Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday, October 13th. Melius Research started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price on the stock. Piper Sandler set a $141.00 target price on Exxon Mobil in a research report on Tuesday, October 7th. Finally, Mizuho dropped their target price on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of "Moderate Buy" and a consensus target price of $127.58.

Exxon Mobil Stock Up 1.4%

XOM opened at $112.20 on Monday. 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 company has a market cap of $478.35 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The business's fifty day moving average is $111.83 and its two-hundred day moving average is $109.16.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion during the quarter. Analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio is 56.25%.

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 shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at 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.

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