Exchange Traded Concepts LLC Has $32.88 Million Stake in Exxon Mobil Corporation $XOM

Key Points

• Exchange Traded Concepts LLC increased its stake in Exxon Mobil Corporation by 9.6%, owning a total of 304,975 shares valued at approximately $32.88 million after adding 26,755 shares during the second quarter.
• Exxon Mobil reported a net margin of 9.17% and a quarterly revenue of $81.51 billion, exceeding analysts' expectations of $79.07 billion.
• The company recently announced a $0.99 quarterly dividend, representing an annualized dividend yield of 3.5% and a payout ratio of 56.25%.

Exchange Traded Concepts LLC increased its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,975 shares of the oil and gas company's stock after purchasing an additional 26,755 shares during the quarter. Exchange Traded Concepts LLC's holdings in Exxon Mobil were worth $32,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Investments LP boosted its stake in shares of Exxon Mobil by 6.0% during the 4th quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock worth $3,234,000 after acquiring an additional 1,698 shares during the period. 10Elms LLP bought a new position in Exxon Mobil during the fourth quarter valued at $25,000. Pinkerton Retirement Specialists LLC raised its position in Exxon Mobil by 3.3% during the fourth quarter. Pinkerton Retirement Specialists LLC now owns 44,622 shares of the oil and gas company's stock valued at $4,800,000 after purchasing an additional 1,432 shares in the last quarter. RB Capital Management LLC grew its stake in shares of Exxon Mobil by 3.3% in the fourth quarter. RB Capital Management LLC now owns 22,733 shares of the oil and gas company's stock worth $2,445,000 after purchasing an additional 734 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its holdings in Exxon Mobil by 5.8% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 5,033 shares of the oil and gas company's stock worth $541,000 after acquiring an additional 274 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the company's 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 transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Piper Sandler increased their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Morgan Stanley raised their target price 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. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $124.76.

Exxon Mobil Trading Down 1.0%

Shares of Exxon Mobil stock traded down $1.11 on Friday, hitting $112.82. 38,732,208 shares of the company traded hands, compared to its average volume of 13,609,037. The company has a market cap of $480.98 billion, a PE ratio of 16.03, a PEG ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average price is $110.54 and its 200-day moving average price is $109.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm's revenue was down 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.14 EPS. Equities research analysts predict 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 given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

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.