Whitener Capital Management Inc. Buys 2,827 Shares of Exxon Mobil Corporation $XOM

Key Points

• Whitener Capital Management Inc. increased its holdings in Exxon Mobil Corporation by 6.7% during the 2nd quarter, now owning 44,727 shares with a market value of approximately $4.82 million.
• Analysts have generally maintained a "Hold" rating for Exxon Mobil, with an average price target of $124.76, reflecting mixed outlooks. Bank of America recently raised their price target from $113 to $120.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, translating to an annual yield of 3.5%, with the payout ratio currently at 56.25%.

Whitener Capital Management Inc. grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,727 shares of the oil and gas company's stock after buying an additional 2,827 shares during the period. Exxon Mobil makes up about 1.3% of Whitener Capital Management Inc.'s holdings, making the stock its 19th biggest holding. Whitener Capital Management Inc.'s holdings in Exxon Mobil were worth $4,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the 1st quarter worth about $31,000. Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $32,000. Clal Insurance Enterprises Holdings Ltd raised its stake 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 valued at $35,000 after acquiring an additional 238 shares in the last quarter. Finally, Game Plan Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 1,500.0% during the first 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 in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Down 0.7%

Shares of XOM traded down $0.77 during midday trading on Monday, hitting $112.05. The stock had a trading volume of 15,599,735 shares, compared to its average volume of 14,867,029. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a 50 day simple moving average of $110.50 and a two-hundred day simple moving average of $109.37. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market cap of $477.70 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm 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. The business's revenue was down 12.4% compared to the same quarter last year. On average, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling

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 transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on XOM. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Mizuho dropped their price objective on shares of 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 began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. 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 investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Hold" and a consensus target price of $124.76.

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.