Exxon Mobil Corporation $XOM Shares Bought by Acima Private Wealth LLC

Acima Private Wealth LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 62.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,292 shares of the oil and gas company's stock after purchasing an additional 3,200 shares during the quarter. Acima Private Wealth LLC's holdings in Exxon Mobil were worth $894,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil in the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of 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 valued at $35,000 after acquiring an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its stake in Exxon Mobil by 1,500.0% during the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after buying an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil in the 2nd quarter worth $38,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America boosted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Thursday. Mizuho cut their target price 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, Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.05.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the 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 sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $112.11 on Tuesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $124.26. 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 has a market capitalization of $477.97 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. The business has a 50 day simple moving average of $111.42 and a 200-day simple moving average of $109.32.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current 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 dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil's dividend payout ratio is 56.25%.

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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