Bey Douglas LLC Takes Position in Exxon Mobil Corporation $XOM

Key Points

• Bey Douglas LLC acquired a new stake in Exxon Mobil Corporation, purchasing 4,339 shares valued at approximately $468,000, representing 0.3% of their portfolio.
• Other institutional investors, including West Bancorporation and KFA Private Wealth Group, have increased their positions in Exxon Mobil by significant percentages during the 2nd quarter.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, reflecting an annualized payout of $3.96 and a yield of 3.5%.

Bey Douglas LLC bought a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,339 shares of the oil and gas company's stock, valued at approximately $468,000. Exxon Mobil makes up 0.3% of Bey Douglas LLC's portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. West Bancorporation Inc. lifted its position in shares of Exxon Mobil by 26.6% in the second quarter. West Bancorporation Inc. now owns 2,373 shares of the oil and gas company's stock valued at $256,000 after acquiring an additional 499 shares in the last quarter. Conning Inc. lifted its position in shares of Exxon Mobil by 2.1% in the second quarter. Conning Inc. now owns 353,919 shares of the oil and gas company's stock valued at $38,152,000 after acquiring an additional 7,143 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in shares of Exxon Mobil by 6.0% in the second quarter. Trust Co. of Toledo NA OH now owns 79,563 shares of the oil and gas company's stock valued at $8,577,000 after acquiring an additional 4,526 shares in the last quarter. SLT Holdings LLC lifted its position in shares of Exxon Mobil by 2.5% in the second quarter. SLT Holdings LLC now owns 7,543 shares of the oil and gas company's stock valued at $813,000 after acquiring an additional 181 shares in the last quarter. Finally, KFA Private Wealth Group LLC lifted its position in shares of Exxon Mobil by 46.6% in the second quarter. KFA Private Wealth Group LLC now owns 12,097 shares of the oil and gas company's stock valued at $1,304,000 after acquiring an additional 3,843 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction 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 approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

XOM stock opened at $112.11 on Tuesday. The business has a fifty day moving average of $111.42 and a two-hundred day moving average of $109.32. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock has a market cap of $477.97 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share 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. As a group, research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's payout ratio is presently 56.25%.

Analyst Ratings Changes

A number of equities analysts recently commented on XOM shares. Bank of America lifted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. UBS Group lifted their price objective on Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research report on Tuesday, October 7th. Mizuho reduced their price objective 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. Finally, TD Cowen lifted their price objective on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $126.05.

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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