Exxon Mobil Corporation $XOM Shares Bought by DRW Securities LLC

Key Points

• DRW Securities LLC increased its stake in Exxon Mobil by 57.5%, now holding 17,327 shares valued at approximately $2,061,000.
• Exxon Mobil reported $1.64 EPS for its last quarter, exceeding estimates and showing a 12.4% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.99 per share, with an annual yield of 3.5%, to be paid on September 10th.

DRW Securities LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 57.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,327 shares of the oil and gas company's stock after buying an additional 6,325 shares during the quarter. DRW Securities LLC's holdings in Exxon Mobil were worth $2,061,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings 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 purchasing an additional 238 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.03% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.28 on Friday. The company's fifty day moving average price is $110.16 and its 200 day moving average price is $109.00. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. 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 firm has a market capitalization of $487.21 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.13 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) 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 company had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the firm posted $2.14 EPS. Exxon Mobil's revenue for the quarter was down 12.4% on a year-over-year basis. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Piper Sandler raised their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Sunday, August 24th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. One investment 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Profile

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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