Emerald Advisors LLC Increases Stake in Exxon Mobil Corporation $XOM

Emerald Advisors LLC raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 165.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,019 shares of the oil and gas company's stock after purchasing an additional 8,107 shares during the period. Exxon Mobil accounts for approximately 0.2% of Emerald Advisors LLC's portfolio, making the stock its 27th biggest holding. Emerald Advisors LLC's holdings in Exxon Mobil were worth $1,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil during the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC raised its stake in 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. Finally, 1248 Management LLC purchased a new position in Exxon Mobil during the first quarter worth about $40,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on XOM. Mizuho reduced their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. TD Cowen boosted their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Morgan Stanley boosted 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, Bank of America boosted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $125.00.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the transaction, 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 the SEC website. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $112.04 on Thursday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The company has a market cap of $477.64 billion, a PE ratio of 15.91, a P/E/G ratio of 2.05 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The business has a 50-day simple moving average of $111.09 and a 200-day simple moving average of $109.58.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $79.07 billion. During the same period in the previous year, the company posted $2.14 earnings per share. The business's revenue for the quarter was down 12.4% on a year-over-year basis. On average, equities research 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. Stockholders of record on Friday, August 15th were given a dividend of $0.99 per share. 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 currently 56.25%.

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.

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