Exxon Mobil Corporation $XOM Shares Bought by Abel Hall LLC

Key Points

• Abel Hall LLC increased its holdings in Exxon Mobil by 23.6%, owning 17,274 shares valued at approximately $1.86 million as of the latest SEC filing.
• Exxon Mobil's most recent earnings report showed an EPS of $1.64, exceeding estimates, although revenue decreased 12.4% year-over-year.
• The company announced a quarterly dividend of $0.99 per share, reflecting an annualized yield of 3.5% and a dividend payout ratio of 56.25%.

Abel Hall LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,274 shares of the oil and gas company's stock after purchasing an additional 3,302 shares during the period. Exxon Mobil accounts for 0.9% of Abel Hall LLC's portfolio, making the stock its 18th biggest position. Abel Hall LLC's holdings in Exxon Mobil were worth $1,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP bought a new stake in Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares during the period. Game Plan Financial Advisors LLC grew its position in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $38,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction dated 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. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.03% of the company's stock.

Exxon Mobil Stock Down 1.0%

Exxon Mobil stock opened at $112.90 on Friday. The stock has a market cap of $481.32 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 2.06 and a beta of 0.51. 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 company's 50-day moving average price is $111.30 and its two-hundred day moving average price is $109.52. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26.

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, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter last year, the company earned $2.14 EPS. Exxon Mobil's quarterly revenue was down 12.4% on a year-over-year basis. On average, analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given 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 dividend payout ratio (DPR) is 56.25%.

Analyst Upgrades and Downgrades

XOM has been the topic of several analyst reports. UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Bank of America raised their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research note on Tuesday. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research note on Wednesday. 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.95.

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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