Talon Private Wealth LLC Raises Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Talon Private Wealth LLC significantly increased its investment in Exxon Mobil by 697.1% during the first quarter, acquiring a total of 24,965 shares worth approximately $2.94 million.
• Exxon Mobil recently reported a quarterly earnings per share (EPS) of $1.64, surpassing estimates, while also announcing a quarterly dividend of $0.99 per share with a yield of 3.6%.
• The stock has experienced a price decline of 2.8% recently; its current market capitalization is approximately $465.66 billion and the stock has traded between $97.80 and $126.34 in the past year.

Talon Private Wealth LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 697.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,965 shares of the oil and gas company's stock after acquiring an additional 21,833 shares during the period. Talon Private Wealth LLC's holdings in Exxon Mobil were worth $2,939,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. 10Elms LLP purchased a new position in Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter valued at $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd grew its stake in Exxon Mobil by 396.7% during 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 acquiring an additional 238 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $32,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated 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 sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Trading Up 0.7%

Shares of Exxon Mobil stock traded up $0.74 during trading on Monday, hitting $109.97. The stock had a trading volume of 15,437,960 shares, compared to its average volume of 14,212,491. The firm's fifty day simple moving average is $110.49 and its 200-day simple moving average is $109.09. The stock has a market cap of $468.82 billion, a PE ratio of 15.62, a PEG ratio of 2.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. 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 earnings results 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. The firm had revenue of $81.51 billion during 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 business's revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the business earned $2.14 EPS. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil's payout ratio is currently 56.25%.

Analyst Ratings Changes

XOM has been the subject of several research analyst reports. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. Melius Research started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Barclays reissued a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of "Hold" and an average 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.