Cwm LLC Buys 24,405 Shares of Exxon Mobil Corporation $XOM

Key Points

• Cwm LLC increased its stake in Exxon Mobil Corporation by 3.3%, acquiring an additional 24,405 shares during the 2nd quarter, bringing its total holdings to 771,927 shares valued at $83.21 million.
• Exxon Mobil reported a quarterly earnings per share of $0.65 with a revenue of $57.55 billion, and analysts project an annual EPS of 7.43 for the current fiscal year.
• The company declared a quarterly dividend of $0.99, resulting in an annualized dividend of $3.96 and a yield of 3.5%, with a payout ratio of 56.25%.

Cwm LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 771,927 shares of the oil and gas company's stock after purchasing an additional 24,405 shares during the quarter. Cwm LLC's holdings in Exxon Mobil were worth $83,214,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XOM. GAMMA Investing LLC grew its position in Exxon Mobil by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock valued at $9,458,000 after acquiring an additional 13,582 shares during the last quarter. Eagle Capital Management LLC grew its position in shares of Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after buying an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. bought a new position in shares of Exxon Mobil during the 1st quarter worth $200,000. Brucke Financial Inc. grew its position in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company's stock worth $808,000 after buying an additional 142 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG bought a new position in shares of Exxon Mobil during the 1st quarter worth $210,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 0.1%

Shares of NYSE XOM opened at $112.40 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market capitalization of $479.21 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The business has a fifty day moving average price of $111.52 and a 200 day moving average price of $109.34.

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. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. 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 dividend payout ratio (DPR) is 56.25%.

Insider Buying and Selling

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 sale, 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the topic of a number of recent research reports. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Piper Sandler set a $141.00 price target on Exxon Mobil in a research report on Tuesday, October 7th. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Barclays dropped their price target 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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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