Exxon Mobil Corporation $XOM Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in Exxon Mobil Corporation by 8.5% during the second quarter, owning a total of 799,565 shares valued at $86.2 million.
• The company reported a net margin of 9.17% and a quarterly EPS of $1.64, surpassing analyst expectations, although revenues decreased by 12.4% year-over-year.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, reflecting an annual yield of 3.5% and a payout ratio of 56.25%.

QRG Capital Management Inc. grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 799,565 shares of the oil and gas company's stock after purchasing an additional 62,479 shares during the period. Exxon Mobil makes up 0.8% of QRG Capital Management Inc.'s holdings, making the stock its 17th largest position. QRG Capital Management Inc.'s holdings in Exxon Mobil were worth $86,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the 1st quarter worth approximately $29,000. Elequin Capital LP purchased a new position in shares of Exxon Mobil during the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd boosted its holdings in Exxon Mobil by 396.7% in the first 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 last quarter. Game Plan Financial Advisors LLC grew its position 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 purchasing an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Up 0.8%

Shares of XOM stock opened at $114.18 on Tuesday. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a market cap of $486.78 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.06 and a beta of 0.51. 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 stock has a 50 day simple moving average of $111.21 and a 200-day simple moving average of $109.47.

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 (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.14 earnings per share. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Bank of America upped their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Piper Sandler lifted their target price 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. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exxon Mobil has a consensus rating of "Hold" and a consensus price target of $125.00.

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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