Signal Advisors Wealth LLC Grows Holdings in Exxon Mobil Corporation $XOM

Key Points

• Signal Advisors Wealth LLC increased its stake in Exxon Mobil Corporation by 108.4%, bringing its total share ownership to 32,307 shares valued at approximately $3.48 million.
• Exxon Mobil reported an EPS of $1.64 for the last quarter, exceeding analyst expectations of $1.47, with a total revenue of $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, resulting in an annualized dividend of $3.96 and a yield of 3.4%.

Signal Advisors Wealth LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 108.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,307 shares of the oil and gas company's stock after purchasing an additional 16,806 shares during the period. Signal Advisors Wealth LLC's holdings in Exxon Mobil were worth $3,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in XOM. Two Sigma Investments LP grew its position in Exxon Mobil by 6.0% during the fourth quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock valued at $3,234,000 after buying an additional 1,698 shares during the period. Woodline Partners LP acquired a new stake in Exxon Mobil during the fourth quarter valued at $28,392,000. White Knight Strategic Wealth Advisors LLC grew its position in shares of Exxon Mobil by 112.7% in the fourth quarter. White Knight Strategic Wealth Advisors LLC now owns 5,053 shares of the oil and gas company's stock valued at $544,000 after purchasing an additional 2,677 shares during the period. NCM Capital Management LLC grew its position in shares of Exxon Mobil by 1.1% in the fourth quarter. NCM Capital Management LLC now owns 18,939 shares of the oil and gas company's stock valued at $2,037,000 after purchasing an additional 211 shares during the period. Finally, Ames National Corp acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at about $976,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Down 1.0%

NYSE XOM traded down $1.11 on Friday, hitting $112.82. 38,732,208 shares of the stock were exchanged, compared to its average volume of 13,609,037. 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 Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a market cap of $480.98 billion, a PE ratio of 16.03, a PEG ratio of 2.06 and a beta of 0.57. The company has a 50-day moving average price of $110.54 and a 200-day moving average price of $109.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 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 during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the previous year, the business posted $2.14 EPS. The firm's revenue was down 12.4% on a year-over-year basis. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Wall Street Analysts Forecast Growth

XOM has been the topic of several research analyst reports. Morgan Stanley lifted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Finally, Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $124.76.

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.