Exxon Mobil Corporation $XOM Shares Bought by Advisory Alpha LLC

Key Points

• Advisory Alpha LLC increased its position in Exxon Mobil by 10.4% during the first quarter, acquiring an additional 3,366 shares, bringing their total holdings to 35,633 shares valued at approximately $4.24 million.
• Insider activity includes VP Darrin L. Talley selling 2,158 shares at $110.45, resulting in a total transaction of $238,351.10, which decreased his ownership in the company by 13.5%.
• Mizuho and Wall Street Zen have recently downgraded Exxon Mobil, with average analyst ratings indicating a "Hold" and a revised average target price of $125.00 per share.

Advisory Alpha LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,633 shares of the oil and gas company's stock after buying an additional 3,366 shares during the quarter. Advisory Alpha LLC's holdings in Exxon Mobil were worth $4,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. 10Elms LLP purchased a new position in Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the first quarter worth about $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter worth about $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 238 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday. Mizuho dropped their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Piper Sandler boosted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Price Performance

Shares of XOM opened at $109.97 on Tuesday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The firm's 50 day moving average price is $110.49 and its 200 day moving average price is $109.09. The company has a market cap of $468.82 billion, a P/E ratio of 15.62, a PEG ratio of 2.04 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping 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 the consensus estimate of $79.07 billion. During the same period in the prior year, the firm earned $2.14 EPS. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. On average, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 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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