Exxon Mobil Corporation $XOM Shares Bought by Fulton Bank N.A.

Key Points

• Fulton Bank N.A. increased its stake in Exxon Mobil by 15.2% in Q2, owning 65,848 shares valued at approximately $7.1 million.
• Exxon Mobil reported $1.64 earnings per share for the latest quarter, exceeding analysts' expectations and achieving revenues of $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, reflecting a 3.5% yield, with a payout ratio of 56.25%.

Fulton Bank N.A. increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 15.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,848 shares of the oil and gas company's stock after acquiring an additional 8,686 shares during the quarter. Fulton Bank N.A.'s holdings in Exxon Mobil were worth $7,098,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at approximately $25,000. Graybill Wealth Management LTD. purchased a new stake in shares of Exxon Mobil during the first quarter valued at approximately $29,000. Elequin Capital LP bought a new position in Exxon Mobil in the first quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil in the fourth quarter worth about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Mizuho cut their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Finally, UBS Group boosted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $124.76.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business'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. The trade was a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

XOM stock traded down $1.08 on Monday, reaching $111.74. 4,798,784 shares of the company's stock were exchanged, compared to its average volume of 16,548,111. The stock has a fifty day moving average of $110.54 and a 200-day moving average of $109.35. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The firm has a market cap of $476.38 billion, a PE ratio of 15.88, a P/E/G ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 EPS. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date of this dividend was 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%.

Exxon Mobil 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.