Exxon Mobil Corporation $XOM Shares Purchased by Arkfeld Wealth Strategies L.L.C.

Key Points

• Arkfeld Wealth Strategies L.L.C. increased its stake in Exxon Mobil by 93.1% during the second quarter, owning 6,253 shares valued at $695,000 at the end of the period.
• Exxon Mobil reported $1.64 earnings per share for the latest quarter, exceeding estimates and generating $81.51 billion in revenue despite a 12.4% year-over-year decline.
• The company declared a quarterly dividend of $0.99, resulting in an annualized dividend of $3.96 with a yield of 3.5%.

Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 93.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,253 shares of the oil and gas company's stock after purchasing an additional 3,015 shares during the period. Arkfeld Wealth Strategies L.L.C.'s holdings in Exxon Mobil were worth $695,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP bought a new stake in Exxon Mobil during the 1st quarter worth approximately $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $32,000. Clal Insurance Enterprises Holdings Ltd boosted its position in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares during the last quarter. Finally, Game Plan Financial Advisors LLC boosted its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after buying an additional 300 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.82 on Friday. 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 firm has a market capitalization of $480.98 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57. The business's 50-day moving average price is $110.54 and its 200-day moving average price is $109.31. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business's revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the business posted $2.14 EPS. Sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on XOM shares. UBS Group raised their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Melius Research initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Mizuho cut their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Finally, Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned 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, the company presently has a consensus rating of "Hold" and an average target price of $124.76.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business'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 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. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.03% of the company's stock.

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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