Enclave Advisors LLC Has $10.51 Million Position in Exxon Mobil Corporation $XOM

Key Points

• Enclave Advisors LLC reduced its stake in Exxon Mobil Corporation by 9.1%, holding a total of 97,482 shares valued at approximately $10.51 million.
• The company declared a quarterly dividend of $0.99 per share, representing a 3.5% yield, with a payout ratio of 56.25%.
• Exxon Mobil's recent quarterly earnings surpassed analysts' expectations, posting $1.64 earnings per share against a consensus estimate of $1.47.

Enclave Advisors LLC lowered its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 97,482 shares of the oil and gas company's stock after selling 9,732 shares during the period. Exxon Mobil makes up 1.7% of Enclave Advisors LLC's investment portfolio, making the stock its 18th biggest holding. Enclave Advisors LLC's holdings in Exxon Mobil were worth $10,509,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Axis Wealth Partners LLC raised its position in shares of Exxon Mobil by 1.8% during the second quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after buying an additional 90 shares during the last quarter. Park Edge Advisors LLC raised its position in shares of Exxon Mobil by 0.3% during the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after buying an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. raised its position in shares of Exxon Mobil by 3.6% during the second quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after buying an additional 91 shares during the last quarter. Chapin Davis Inc. raised its position in shares of Exxon Mobil by 2.1% during the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after buying an additional 93 shares during the last quarter. Finally, Gagnon Securities LLC raised its position in shares of Exxon Mobil by 1.3% during the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were 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 of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.78 on Wednesday. The firm has a market cap of $480.81 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 2.08 and a beta of 0.57. The company has a 50 day moving average of $111.04 and a 200-day moving average of $109.57. 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.

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. The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company's revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the business posted $2.14 earnings per share. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on XOM. Mizuho dropped their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a report on Thursday, June 26th. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Piper Sandler increased their target price on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Finally, Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $125.00.

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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