Farmers & Merchants Investments Inc. Raises Position in Exxon Mobil Corporation $XOM

Key Points

• Farmers & Merchants Investments Inc. increased its stake in Exxon Mobil by 1.3% in the second quarter, holding 273,413 shares valued at approximately $29.5 million.
• Exxon Mobil's earnings per share for the last quarter were reported at $1.64, exceeding analysts’ expectations by $0.17, despite a year-over-year revenue decrease of 12.4%.
• Exxon Mobil's quarterly dividend of $0.99 per share was recently paid, resulting in an annualized dividend yield of 3.5% with a payout ratio of 56.25%.

Farmers & Merchants Investments Inc. boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 273,413 shares of the oil and gas company's stock after buying an additional 3,589 shares during the period. Exxon Mobil accounts for approximately 0.9% of Farmers & Merchants Investments Inc.'s portfolio, making the stock its 22nd largest position. Farmers & Merchants Investments Inc.'s holdings in Exxon Mobil were worth $29,474,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XOM. Nuveen LLC purchased a new stake in Exxon Mobil in the first quarter worth about $2,730,414,000. GQG Partners LLC lifted its holdings in Exxon Mobil by 15,135.7% in the first 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 lifted its holdings in Exxon Mobil by 14,242.7% in the first 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. Kingstone Capital Partners Texas LLC purchased a new stake in Exxon Mobil in the second quarter worth about $607,621,000. Finally, Ameriprise Financial Inc. lifted its holdings in Exxon Mobil by 10.8% in the first 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. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on 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 owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by insiders.

Exxon Mobil Trading Down 0.7%

NYSE:XOM opened at $112.05 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 12 month low of $97.80 and a 12 month high of $126.34. The company has a market cap of $477.70 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 2.06 and a beta of 0.57. The company has a 50 day simple moving average of $110.50 and a two-hundred day simple moving average of $109.37.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm posted $2.14 EPS. The firm's revenue was down 12.4% on a year-over-year basis. Research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. TD Cowen lifted their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, UBS Group lifted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and a consensus target price of $124.76.

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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