Crux Wealth Advisors Purchases 2,581 Shares of Exxon Mobil Corporation $XOM

Key Points

• Crux Wealth Advisors increased its stake in Exxon Mobil by 22.4% in Q2, acquiring an additional 2,581 shares, bringing its total to 14,088 shares valued at approximately $1.5 million.
• Exxon Mobil recently paid a quarterly dividend of $0.99 per share, representing an annualized dividend of $3.96 and a yield of 3.5%.
• The stock has seen a high of $123.21 in the past year and currently has a market cap of $480.55 billion, with a PE ratio of 16.01.

Crux Wealth Advisors grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,088 shares of the oil and gas company's stock after purchasing an additional 2,581 shares during the quarter. Crux Wealth Advisors' holdings in Exxon Mobil were worth $1,519,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of XOM. Journey Strategic Wealth LLC boosted its stake in Exxon Mobil by 6.7% during the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after acquiring an additional 1,379 shares in the last quarter. Jones Financial Companies Lllp increased its position in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock valued at $45,149,000 after buying an additional 131,600 shares in the last quarter. Hartford Funds Management Co LLC raised its stake in Exxon Mobil by 51.8% during the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after buying an additional 2,617 shares during the period. Phoenix Financial Ltd. raised its stake in Exxon Mobil by 23.9% during the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after buying an additional 18,752 shares during the period. Finally, SteelPeak Wealth LLC boosted its holdings in Exxon Mobil by 24.2% in the first quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock worth $4,605,000 after acquiring an additional 7,543 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $112.72 on Wednesday. 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 stock's fifty day simple moving average is $112.10 and its two-hundred day simple moving average is $109.25. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The stock has a market cap of $480.55 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51.

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 for the quarter. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. Melius started coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective on the stock. Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a research note on Friday, October 17th. They issued an "overweight" rating and a $156.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.58.

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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