Fiduciary Alliance LLC Acquires 10,030 Shares of Exxon Mobil Corporation $XOM

Key Points

• Fiduciary Alliance LLC increased its stake in Exxon Mobil by 29.3%, acquiring an additional 10,030 shares, bringing its total ownership to 44,231 shares valued at approximately $4.77 million.
• Exxon Mobil's recent earnings report showed an earnings per share of $1.64, surpassing estimates and reflecting a revenue of $81.51 billion, though down 12.4% year-over-year.
• The company has a dividend yield of 3.5% after distributing a quarterly dividend of $0.99 per share, maintaining a payout ratio of 56.25%.

Fiduciary Alliance LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 29.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,231 shares of the oil and gas company's stock after acquiring an additional 10,030 shares during the period. Fiduciary Alliance LLC's holdings in Exxon Mobil were worth $4,768,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in XOM. Two Sigma Investments LP lifted its position in shares of Exxon Mobil by 6.0% during the fourth quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company's stock worth $3,234,000 after acquiring an additional 1,698 shares in the last quarter. Twinbeech Capital LP purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $15,501,000. Virtus Investment Advisers Inc. purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $151,000. iSAM Funds UK Ltd purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $979,000. Finally, Woodline Partners LP purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $28,392,000. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $114.64 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $110.59 and a 200-day moving average of $109.19. The firm has a market cap of $488.74 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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. The company 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%. Exxon Mobil's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 earnings per share. Sell-side 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 was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

Analysts Set New Price Targets

XOM has been the topic of several research analyst reports. UBS Group upped their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. TD Cowen upped their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Bank of America upped their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Finally, Barclays reaffirmed a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $124.76.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the 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 represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company's stock.

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.

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