CX Institutional Raises Stock Position in Exxon Mobil Corporation $XOM

Key Points

• CX Institutional increased its holdings in Exxon Mobil Corporation by 4.3% in the second quarter, now owning 112,712 shares valued at approximately $12.15 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, representing an annualized payout of $3.96 and a dividend yield of 3.5%.
• Analyst ratings for Exxon Mobil vary, with one strong buy, eight buys, and a consensus hold rating with an average target price of $124.76.

CX Institutional increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,712 shares of the oil and gas company's stock after purchasing an additional 4,645 shares during the period. CX Institutional's holdings in Exxon Mobil were worth $12,150,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of XOM. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the first quarter valued at $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the first quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth approximately $32,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares during the last quarter. Finally, Game Plan Financial Advisors LLC grew its stake in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on XOM shares. Piper Sandler lifted their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Mizuho lowered their target price 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, UBS Group lifted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $124.76.

Exxon Mobil Price Performance

NYSE XOM traded down $1.11 on Friday, reaching $112.82. 38,732,208 shares of the stock traded hands, compared to its average volume of 14,867,029. 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 company has a market cap of $480.98 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm's fifty day simple moving average is $110.54 and its 200 day simple moving average is $109.35.

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 for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the previous year, the firm earned $2.14 EPS. The firm's revenue was down 12.4% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date 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 56.25%.

Insiders Place Their Bets

In related 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 transaction of $238,351.10. Following 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

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.