BCS Wealth Management Has $2.67 Million Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• BCS Wealth Management increased its holdings in Exxon Mobil by 64.1%, owning 24,731 shares valued at approximately $2.67 million after acquiring an additional 9,656 shares in the second quarter.
• Insider transaction activity includes VP Darrin L. Talley selling 2,158 shares at an average price of $110.45, reflecting a 13.5% decrease in his ownership of Exxon Mobil stock.
• Exxon Mobil's recent quarterly earnings surpassed analyst expectations, reporting $1.64 EPS and $81.51 billion in revenue, despite a 12.4% year-over-year decline.

BCS Wealth Management lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 64.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,731 shares of the oil and gas company's stock after buying an additional 9,656 shares during the quarter. BCS Wealth Management's holdings in Exxon Mobil were worth $2,666,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nuveen LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $2,730,414,000. GQG Partners LLC grew its position in Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after buying an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC increased its stake in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after acquiring an additional 9,391,614 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Exxon Mobil in the 2nd quarter valued at $607,621,000. Finally, Ameriprise Financial Inc. raised its holdings in Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 0.5%

XOM opened at $114.56 on Thursday. The company has a market cap of $488.40 billion, a P/E ratio of 16.27, a PEG ratio of 2.08 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $110.57 and its 200-day moving average is $109.44. 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 released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the company earned $2.14 EPS. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's payout ratio is currently 56.25%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on XOM shares. 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 report on Monday, August 18th. Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. Mizuho dropped their target price 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 upped their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Finally, Bank of America increased their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Hold" and a consensus price target of $125.00.

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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