Ashton Thomas Securities LLC Increases Stake in Exxon Mobil Corporation $XOM

Key Points

• Ashton Thomas Securities LLC increased its holdings in Exxon Mobil Corporation by 52.7%, owning 16,626 shares valued at approximately $1,977,000.
• Institutional investors currently hold 61.80% of Exxon Mobil's stock, with several firms, including Schonfeld Strategic Advisors LLC and Algert Global LLC, expanding their stakes in the company in recent quarters.
• Exxon Mobil declared a quarterly dividend of $0.99, with a payout ratio of 56.25%, reflecting an annualized dividend yield of 3.5%.

Ashton Thomas Securities LLC grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 52.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,626 shares of the oil and gas company's stock after purchasing an additional 5,735 shares during the quarter. Ashton Thomas Securities LLC's holdings in Exxon Mobil were worth $1,977,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of XOM. Quantinno Capital Management LP increased its position in Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock worth $61,332,000 after buying an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter worth $55,000. Journey Strategic Wealth LLC increased its position in Exxon Mobil by 6.7% in the first quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after buying an additional 1,379 shares during the last quarter. Legacy Trust increased its position in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after buying an additional 997 shares during the last quarter. Finally, Hartford Funds Management Co LLC increased its position in Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after buying an additional 2,617 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

XOM has been the subject of several recent research reports. Piper Sandler lifted their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Price Performance

NYSE:XOM traded up $0.55 during trading hours on Thursday, hitting $112.46. 12,862,646 shares of the company's stock traded hands, compared to its average volume of 16,618,688. The firm has a market cap of $479.46 billion, a P/E ratio of 15.98, a P/E/G ratio of 2.13 and a beta of 0.57. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The business's fifty day simple moving average is $110.41 and its two-hundred day simple moving average is $109.10. 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 released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. The firm's revenue was down 12.4% on a year-over-year basis. On average, research analysts anticipate 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 will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be given a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's 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.