EP Wealth Advisors LLC Increases Holdings in Exxon Mobil Corporation $XOM

Key Points

• EP Wealth Advisors LLC increased its holdings in Exxon Mobil by 6.3% in the first quarter, owning 901,263 shares valued at approximately $107.2 million, making it the company's 28th largest position.
• Exxon Mobil reported earnings per share of $1.64 for its recent quarter, exceeding analysts' expectations of $1.47, despite a 12.4% decrease in revenue year-over-year.
• The company announced a quarterly dividend of $0.99 per share, translating to an annual yield of 3.5%, with a payout ratio of 56.25%.

EP Wealth Advisors LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 901,263 shares of the oil and gas company's stock after buying an additional 53,474 shares during the period. Exxon Mobil comprises 0.9% of EP Wealth Advisors LLC's investment portfolio, making the stock its 28th largest position. EP Wealth Advisors LLC's holdings in Exxon Mobil were worth $107,187,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Nuveen LLC purchased a new position in Exxon Mobil in the 1st quarter worth approximately $2,730,414,000. GQG Partners LLC increased its stake in Exxon Mobil by 15,135.7% in the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after purchasing an additional 10,004,975 shares during the period. GAMMA Investing LLC increased its stake in Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after purchasing an additional 9,391,614 shares during the period. Ameriprise Financial Inc. increased its stake in Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after purchasing an additional 2,639,797 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Exxon Mobil in the 4th quarter worth approximately $240,653,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $114.28 on Tuesday. The firm has a market cap of $487.21 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.13 and a beta of 0.57. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The business's 50 day moving average price is $110.21 and its 200-day moving average price is $109.05. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period last year, the company earned $2.14 EPS. The business's quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred 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 $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on XOM shares. Piper Sandler lifted their price target on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Mizuho decreased their price target on Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. 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 company's stock. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of "Hold" and a consensus 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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