Exxon Mobil Corporation $XOM Shares Acquired by Lodestar Private Asset Management LLC

Key Points

• Lodestar Private Asset Management LLC increased its holdings in Exxon Mobil by 26.2% in the 2nd quarter, acquiring an additional 2,528 shares for a total of 12,163 shares valued at approximately $1.31 million.
• Exxon Mobil reported a quarterly dividend of $0.99 per share, resulting in an annualized dividend yield of 3.5% and a payout ratio of 56.25%.
• Following recent transactions, company insiders own only 0.03% of Exxon Mobil, with a VP selling 2,158 shares, representing a 13.50% decrease in ownership.

Lodestar Private Asset Management LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 26.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,163 shares of the oil and gas company's stock after purchasing an additional 2,528 shares during the quarter. Lodestar Private Asset Management LLC's holdings in Exxon Mobil were worth $1,311,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake 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 valued at $9,458,000 after acquiring an additional 13,582 shares during the last quarter. Eagle Capital Management LLC raised its position in Exxon Mobil by 15.3% in the first 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 in the last quarter. Ironwood Wealth Management LLC. acquired a new stake in shares of Exxon Mobil in the first quarter valued at about $200,000. Brucke Financial Inc. lifted its position in shares of 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 valued at $808,000 after acquiring an additional 142 shares during the period. Finally, Bank Pictet & Cie Europe AG purchased a new stake in Exxon Mobil during the first quarter worth $210,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.40 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The firm has a market capitalization of $479.21 billion, a P/E ratio of 15.97, a P/E/G ratio of 2.03 and a beta of 0.51. The business's 50-day simple moving average is $111.52 and its 200-day simple moving average is $109.34.

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

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's payout ratio is presently 56.25%.

Insiders Place Their Bets

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 value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XOM. Barclays reduced their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating on the stock in a report on Tuesday, October 7th. Mizuho reduced their price objective 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, September 15th. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Piper Sandler set a $141.00 price target on Exxon Mobil in a research note on Tuesday, October 7th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Exxon Mobil in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.

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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