Exchange Traded Concepts LLC Increases 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 boosted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 9.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 304,975 shares of the oil and gas company's stock after acquiring an additional 26,755 shares during the period. Exchange Traded Concepts LLC's holdings in Exxon Mobil were worth $32,876,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XOM. 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 valued at $3,234,000 after purchasing an additional 1,698 shares in the last quarter. 10Elms LLP bought a new stake in shares of Exxon Mobil during the 4th quarter valued at about $25,000. Pinkerton Retirement Specialists LLC boosted its stake in shares of Exxon Mobil by 3.3% during the 4th 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 boosted its stake in shares of Exxon Mobil by 3.3% during the 4th quarter. RB Capital Management LLC now owns 22,733 shares of the oil and gas company's stock valued at $2,445,000 after purchasing an additional 734 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 5.8% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 5,033 shares of the oil and gas company's stock valued at $541,000 after purchasing an additional 274 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction 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 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 currently owned by insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Mizuho cut their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday. UBS Group lifted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Finally, Piper Sandler lifted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $124.76.

Exxon Mobil Price Performance

Shares of NYSE:XOM traded down $1.11 during midday trading on Friday, reaching $112.82. 38,732,208 shares of the company were exchanged, compared to its average volume of 13,609,037. 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 business's fifty day moving average is $110.54 and its two-hundred day moving average is $109.31. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market cap of $480.98 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57.

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

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. 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.