Tamar Securities LLC Purchases 3,064 Shares of Exxon Mobil Corporation $XOM

Key Points

• Tamar Securities LLC increased its holdings in Exxon Mobil by 1.9% in Q1, owning 161,640 shares, valued at approximately $19.22 million and making it the firm's 17th largest holding.
• Exxon Mobil's recent quarterly earnings revealed an EPS of $1.64, surpassing the consensus estimate of $1.47, with revenues of $81.51 billion.
• The company announced a quarterly dividend of $0.99 per share, reflecting an annualized yield of 3.6%, with a payout ratio of 56.25%.

Tamar Securities LLC increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,640 shares of the oil and gas company's stock after buying an additional 3,064 shares during the quarter. Exxon Mobil accounts for approximately 2.6% of Tamar Securities LLC's holdings, making the stock its 17th largest holding. Tamar Securities LLC's holdings in Exxon Mobil were worth $19,224,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XOM. Nuveen LLC acquired a new stake in Exxon Mobil during the 1st quarter worth $2,730,414,000. GQG Partners LLC raised its stake in Exxon Mobil by 15,135.7% during the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock worth $1,197,753,000 after buying an additional 10,004,975 shares during the period. GAMMA Investing LLC raised its stake in Exxon Mobil by 14,242.7% during the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock worth $1,124,787,000 after buying an additional 9,391,614 shares during the period. Ameriprise Financial Inc. raised its stake in Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the period. Finally, Amundi raised its stake in Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after buying an additional 2,329,964 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm'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 directly owned 13,829 shares in the company, 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 accessible through the SEC website. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on XOM shares. Wall Street Zen downgraded Exxon Mobil from a "hold" rating to a "sell" rating in a research note on Friday. UBS Group increased their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen increased their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Exxon Mobil presently has an average rating of "Hold" and an average price target of $125.00.

Exxon Mobil Stock Up 0.7%

Shares of NYSE XOM traded up $0.74 during mid-day trading on Monday, hitting $109.97. The company had a trading volume of 15,437,960 shares, compared to its average volume of 14,212,491. The company has a market capitalization of $468.82 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57. The firm has a 50-day simple moving average of $110.49 and a two-hundred day simple moving average of $109.09. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the business posted $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Exxon Mobil Company 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.