Exxon Mobil Corporation $XOM is Semmax Financial Advisors Inc.'s 8th Largest Position

Key Points

• Semmax Financial Advisors Inc. increased its holdings in Exxon Mobil Corporation by 4.3%, making it the firm's 8th largest position, valued at approximately $7.78 million.
• Wall Street analysts have a mixed outlook on Exxon Mobil, with one Strong Buy, eight Buy, and eleven Hold ratings, while the average target price is set at $125.00.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, yielding 3.6%, with a payout ratio of 56.25%.

Semmax Financial Advisors Inc. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,400 shares of the oil and gas company's stock after acquiring an additional 2,717 shares during the quarter. Exxon Mobil comprises approximately 2.1% of Semmax Financial Advisors Inc.'s portfolio, making the stock its 8th biggest holding. Semmax Financial Advisors Inc.'s holdings in Exxon Mobil were worth $7,778,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Axis Wealth Partners LLC increased its position in shares of Exxon Mobil by 1.9% in the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after buying an additional 93 shares in the last quarter. Gagnon Securities LLC boosted its stake 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 acquiring an additional 95 shares during the last quarter. Ascent Capital Management LLC boosted its stake in shares of Exxon Mobil by 2.0% during the first quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after acquiring an additional 96 shares during the last quarter. DDD Partners LLC boosted its stake in shares of Exxon Mobil by 1.4% during the first quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after acquiring an additional 96 shares during the last quarter. Finally, Waypoint Wealth Partners Inc. boosted its stake in shares of Exxon Mobil by 2.1% during the first quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock valued at $556,000 after acquiring an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on XOM shares. Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. UBS Group lifted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. 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 research note on Monday, August 18th. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a research note 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, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Exxon Mobil has a consensus rating of "Hold" and an average target price of $125.00.

Exxon Mobil Stock Performance

NYSE XOM opened at $109.97 on Tuesday. The firm has a market capitalization of $468.82 billion, a P/E ratio of 15.62, a P/E/G ratio of 2.04 and a beta of 0.57. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The business's 50-day simple moving average is $110.49 and its 200-day simple moving average is $109.09.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for 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 business's quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.14 EPS. Equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business 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 of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's payout ratio is 56.25%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business's 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 transaction, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company's stock.

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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