Exxon Mobil Corporation $XOM Shares Acquired by Seamount Financial Group Inc.

Seamount Financial Group Inc. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 154.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,467 shares of the oil and gas company's stock after acquiring an additional 13,017 shares during the period. Exxon Mobil accounts for about 1.2% of Seamount Financial Group Inc.'s portfolio, making the stock its 26th largest holding. Seamount Financial Group Inc.'s holdings in Exxon Mobil were worth $2,314,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. SteelPeak Wealth LLC lifted its holdings in Exxon Mobil by 90.1% in the second quarter. SteelPeak Wealth LLC now owns 73,603 shares of the oil and gas company's stock valued at $7,934,000 after acquiring an additional 34,882 shares during the last quarter. Motiv8 Investments LLC lifted its holdings in Exxon Mobil by 8.7% in the second quarter. Motiv8 Investments LLC now owns 17,968 shares of the oil and gas company's stock valued at $1,937,000 after acquiring an additional 1,435 shares during the last quarter. KPP Advisory Services LLC lifted its holdings in Exxon Mobil by 2.7% in the second quarter. KPP Advisory Services LLC now owns 33,057 shares of the oil and gas company's stock valued at $3,564,000 after acquiring an additional 871 shares during the last quarter. Capital Advisors Inc. OK lifted its holdings in Exxon Mobil by 3.1% in the second quarter. Capital Advisors Inc. OK now owns 737,381 shares of the oil and gas company's stock valued at $79,490,000 after acquiring an additional 21,843 shares during the last quarter. Finally, Asset Planning Services Inc. LA ADV lifted its holdings in Exxon Mobil by 1.2% in the second quarter. Asset Planning Services Inc. LA ADV now owns 51,265 shares of the oil and gas company's stock valued at $5,526,000 after acquiring an additional 585 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $114.08 on Thursday. 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 firm has a fifty day moving average price of $111.28 and a 200 day moving average price of $109.54. The company has a market cap of $486.35 billion, a P/E ratio of 16.20, a PEG ratio of 2.07 and a beta of 0.51. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion during 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%. The company's revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 earnings per share. Sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced 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 was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. Exxon Mobil's payout ratio is presently 56.25%.

Analyst Ratings Changes

A number of research analysts recently commented on XOM shares. Melius Research started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Mizuho decreased their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Finally, Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.79.

Insider Activity at Exxon Mobil

In related 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 completion of the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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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