Exxon Mobil Corporation $XOM Shares Acquired by Twelve Points Wealth Management LLC

Key Points

• Twelve Points Wealth Management LLC increased its stake in Exxon Mobil Corporation by 11.2% during the 2nd quarter, now holding 26,391 shares valued at approximately $2.85 million.
• Analysts have issued various ratings on Exxon Mobil, with a consensus "Hold" rating and an average price target of $125.00, while Piper Sandler boosted their price objective from $134.00 to $145.00.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, contributing to an annualized yield of 3.4%, with a dividend payout ratio of 56.25%.

Twelve Points Wealth Management LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,391 shares of the oil and gas company's stock after buying an additional 2,651 shares during the period. Twelve Points Wealth Management LLC's holdings in Exxon Mobil were worth $2,845,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Journey Strategic Wealth LLC lifted its position in Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after purchasing an additional 1,379 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock valued at $45,149,000 after purchasing an additional 131,600 shares during the last quarter. Legacy Trust lifted its position in Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock valued at $1,054,000 after purchasing an additional 997 shares during the last quarter. Hartford Funds Management Co LLC lifted its position in Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after purchasing an additional 2,617 shares during the last quarter. Finally, Phoenix Financial Ltd. lifted its position in Exxon Mobil by 23.9% in the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock valued at $11,561,000 after purchasing an additional 18,752 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Bank of America boosted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Morgan Stanley boosted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $125.00.

Exxon Mobil Stock Up 1.3%

NYSE XOM opened at $117.15 on Monday. 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 company's 50 day simple moving average is $110.83 and its 200 day simple moving average is $109.53. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market capitalization of $499.44 billion, a P/E ratio of 16.64, a PEG ratio of 2.13 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the firm earned $2.14 EPS. The business's revenue for the quarter was down 12.4% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction that occurred on Friday, August 22nd. The shares were 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 legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

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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