Beacon Investment Advisory Services Inc. Grows Stake in Exxon Mobil Corporation $XOM

Key Points

• Beacon Investment Advisory Services Inc. increased its holdings in Exxon Mobil by 13.8% during the second quarter, owning 30,006 shares valued at around $3.24 million.
• Several institutional investors also adjusted their positions in Exxon Mobil, with Cullen Investment Group increasing its stake by 66.3% in the first quarter.
• Exxon Mobil's recent earnings report showed an EPS of $1.64, exceeding estimates, despite a year-over-year revenue decline of 12.4%.

Beacon Investment Advisory Services Inc. increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,006 shares of the oil and gas company's stock after purchasing an additional 3,636 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Exxon Mobil were worth $3,235,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in XOM. Two Sigma Investments LP grew its position in shares of Exxon Mobil by 6.0% during the fourth quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock worth $3,234,000 after purchasing an additional 1,698 shares in the last quarter. Fire Capital Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth about $1,966,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Exxon Mobil by 5.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 147,054 shares of the oil and gas company's stock worth $17,489,000 after purchasing an additional 8,221 shares in the last quarter. Confluence Investment Management LLC grew its position in shares of Exxon Mobil by 1.9% during the first quarter. Confluence Investment Management LLC now owns 6,074 shares of the oil and gas company's stock worth $722,000 after purchasing an additional 116 shares in the last quarter. Finally, Cullen Investment Group LTD. grew its position in shares of Exxon Mobil by 66.3% during the first quarter. Cullen Investment Group LTD. now owns 95,868 shares of the oil and gas company's stock worth $11,402,000 after purchasing an additional 38,222 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity

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 document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Price Performance

NYSE:XOM opened at $115.65 on Friday. The firm has a market capitalization of $493.04 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 2.09 and a beta of 0.57. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The business has a 50 day simple moving average of $110.65 and a 200-day simple moving average of $109.46. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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 (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The business 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%.The company's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period last year, the company earned $2.14 EPS. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on XOM shares. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Piper Sandler increased their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Mizuho dropped their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Finally, Bank of America increased their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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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