Ascent Group LLC Buys 39,245 Shares of Exxon Mobil Corporation $XOM

Key Points

• Ascent Group LLC increased its stake in Exxon Mobil Corporation by 66.2% in Q1, acquiring an additional 39,245 shares, bringing its total holdings to 98,529 shares valued at approximately $11.72 million.
• Exxon Mobil's recent quarterly earnings report showed an EPS of $1.64, surpassing estimates, but revenue was down 12.4% year-over-year.
• The company is set to pay a quarterly dividend of $0.99 per share, equating to an annual yield of 3.6% with a payout ratio of 56.25%.

Ascent Group LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 66.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 98,529 shares of the oil and gas company's stock after acquiring an additional 39,245 shares during the period. Ascent Group LLC's holdings in Exxon Mobil were worth $11,718,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Axis Wealth Partners LLC increased its stake in Exxon Mobil by 1.9% in the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after buying an additional 93 shares during the period. Gagnon Securities LLC increased its stake in Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock worth $860,000 after buying an additional 95 shares during the period. Ascent Capital Management LLC increased its stake in Exxon Mobil by 2.0% in the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock worth $584,000 after buying an additional 96 shares during the period. DDD Partners LLC increased its stake in Exxon Mobil by 1.4% in the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock worth $810,000 after buying an additional 96 shares during the period. Finally, Waypoint Wealth Partners Inc. increased its stake in Exxon Mobil by 2.1% in the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock worth $556,000 after buying an additional 96 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 2.8%

XOM stock opened at $109.23 on Monday. The firm has a 50 day moving average of $110.45 and a 200 day moving average of $109.10. The stock has a market capitalization of $465.66 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.04 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 Corporation has a 52 week low of $97.80 and a 52 week high of $126.34.

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

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business'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 completion of the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on XOM shares. Piper Sandler lifted their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Wall Street Zen downgraded shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Mizuho cut their price objective on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exxon Mobil presently 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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