Exxon Mobil Corporation $XOM Shares Purchased by U S Global Investors Inc.

Key Points

• U S Global Investors Inc. increased its holdings in Exxon Mobil Corporation by 50%, owning a total of 10,500 shares, valued at approximately $1.13 million.
• Exxon Mobil recently announced a quarterly dividend of $0.99, representing an annualized dividend of $3.96 with a yield of 3.5%.
• Analysts have set a consensus price target of $126.05 for Exxon Mobil's stock, with varying ratings from "Strong Buy" to "Hold".

U S Global Investors Inc. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 50.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,500 shares of the oil and gas company's stock after buying an additional 3,500 shares during the quarter. U S Global Investors Inc.'s holdings in Exxon Mobil were worth $1,132,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in XOM. GAMMA Investing LLC grew its position in Exxon Mobil by 20.6% in the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock worth $9,458,000 after buying an additional 13,582 shares during the last quarter. Eagle Capital Management LLC grew its position in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after purchasing an additional 376 shares in the last quarter. Ironwood Wealth Management LLC. purchased a new position in Exxon Mobil during the 1st quarter worth approximately $200,000. Brucke Financial Inc. grew its position in Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company's stock worth $808,000 after purchasing an additional 142 shares in the last quarter. Finally, Sound Income Strategies LLC grew its position in Exxon Mobil by 9.9% during the 1st quarter. Sound Income Strategies LLC now owns 20,081 shares of the oil and gas company's stock worth $2,388,000 after purchasing an additional 1,817 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Up 1.2%

XOM stock opened at $112.11 on Tuesday. 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 1 year low of $97.80 and a 1 year high of $124.26. The company has a fifty day simple moving average of $111.42 and a 200 day simple moving average of $109.32. The firm has a market cap of $477.97 billion, a PE ratio of 15.93, a PEG ratio of 2.00 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 sale, the vice president owned 13,829 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. Bank of America lifted their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Melius Research 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 on the stock. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.05.

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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