Empowered Funds LLC Has $117.51 Million Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Empowered Funds LLC increased its stake in Exxon Mobil Corporation by 1.1%, owning 988,037 shares worth approximately $117.51 million, making it the firm's largest holding.
• Exxon Mobil reported $1.64 earnings per share for the recent quarter, surpassing analysts' expectations and achieving revenue of $81.51 billion.
• The company declared a quarterly dividend of $0.99 per share, which translates to an annual yield of 3.6%, and is expected to be paid on September 10th.

Empowered Funds LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 988,037 shares of the oil and gas company's stock after acquiring an additional 10,317 shares during the quarter. Exxon Mobil accounts for about 1.7% of Empowered Funds LLC's investment portfolio, making the stock its largest holding. Empowered Funds LLC's holdings in Exxon Mobil were worth $117,507,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of XOM. 10Elms LLP bought a new position in shares of Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil during the first quarter worth about $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil during the first quarter worth about $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil during the fourth quarter worth about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of 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 buying an additional 238 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 owned 13,829 shares in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $109.97 on Tuesday. The firm has a market cap of $468.82 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The business's 50 day moving average is $110.49 and its 200-day moving average is $109.09.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.14 earnings per share. Equities research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Finally, Mizuho cut their price objective on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. One investment 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. According to data from MarketBeat, Exxon Mobil currently has an average rating of "Hold" and an average price target of $125.00.

About Exxon Mobil

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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