Castellan Group Acquires 2,940 Shares of Exxon Mobil Corporation (NYSE:XOM)

Key Points

• Castellan Group increased its stake in Exxon Mobil by 12.9%, acquiring an additional 2,940 shares, bringing their total holdings to 25,730 shares valued at approximately $3,060,000.
• Exxon Mobil reported an EPS of $1.64 for the previous quarter, surpassing analysts' expectations of $1.47, and has a current dividend of $0.99 per share with an annual yield of 3.5%.
• The stock currently holds an average rating of "Moderate Buy" from analysts, with a target price averaging $125.42.

Castellan Group raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,730 shares of the oil and gas company's stock after purchasing an additional 2,940 shares during the quarter. Castellan Group's holdings in Exxon Mobil were worth $3,060,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of XOM. Nottingham Advisors Inc. lifted its position in Exxon Mobil by 43.3% during the fourth quarter. Nottingham Advisors Inc. now owns 7,093 shares of the oil and gas company's stock valued at $763,000 after purchasing an additional 2,144 shares during the last quarter. Disciplined Investors L.L.C. bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $863,000. Martin Worley Group bought a new stake in shares of Exxon Mobil in the 4th quarter worth about $497,000. World Investment Advisors lifted its holdings in shares of Exxon Mobil by 19.6% in the 4th quarter. World Investment Advisors now owns 148,604 shares of the oil and gas company's stock worth $15,985,000 after acquiring an additional 24,319 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 22.9% in the 4th quarter. Arete Wealth Advisors LLC now owns 68,246 shares of the oil and gas company's stock worth $7,342,000 after acquiring an additional 12,694 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.0%

NYSE XOM opened at $111.90 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.90 and a current ratio of 1.24. The company has a market capitalization of $482.25 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 2.10 and a beta of 0.50. The company's 50-day simple moving average is $109.35 and its two-hundred day simple moving average is $109.15. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.49% and a return on equity of 12.06%. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is 52.52%.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Piper Sandler raised their target price on shares of Exxon Mobil from $131.00 to $134.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $125.42.

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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