Ethic Inc. Has $7.80 Million Holdings in Exxon Mobil Corporation $XOM

Ethic Inc. lifted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,283 shares of the oil and gas company's stock after buying an additional 7,240 shares during the period. Ethic Inc.'s holdings in Exxon Mobil were worth $7,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC grew its position in Exxon Mobil by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock worth $9,458,000 after acquiring an additional 13,582 shares during the last quarter. Eagle Capital Management LLC grew its position in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after acquiring an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. bought a new stake in Exxon Mobil during the 1st quarter worth approximately $200,000. Brucke Financial Inc. grew its position in Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company's stock worth $808,000 after acquiring an additional 142 shares during the last quarter. Finally, LaFleur & Godfrey LLC grew its position in Exxon Mobil by 6.4% during the 1st quarter. LaFleur & Godfrey LLC now owns 99,411 shares of the oil and gas company's stock worth $11,823,000 after acquiring an additional 5,953 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM stock opened at $115.78 on Friday. The business's fifty day moving average is $112.41 and its 200-day moving average is $109.38. 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 $493.58 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $57.55 billion for the quarter. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm'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 transaction, the vice president 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on XOM shares. Bank of America increased their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Barclays decreased their price objective on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 7th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research report on Tuesday, October 7th. Melius Research assumed 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. Finally, UBS Group increased their price objective on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research report on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.58.

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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