Exxon Mobil Corporation $XOM Shares Bought by Financial Strategies Group Inc.

Key Points

• Financial Strategies Group Inc. has increased its holdings in Exxon Mobil by 11.5%, acquiring an additional 6,123 shares during the 1st quarter, raising their total to 59,557 shares valued at approximately $7.08 million.
• Recent transactions by other institutional investors include Talon Private Wealth LLC, which boosted its stake in Exxon Mobil by 697.1%, now holding 24,965 shares valued at $2.94 million.
• Exxon Mobil announced a quarterly dividend of $0.99 per share, representing a 3.6% dividend yield and a payout ratio of 56.25%.

Financial Strategies Group Inc. lifted its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,557 shares of the oil and gas company's stock after purchasing an additional 6,123 shares during the period. Exxon Mobil comprises about 1.7% of Financial Strategies Group Inc.'s portfolio, making the stock its 19th biggest holding. Financial Strategies Group Inc.'s holdings in Exxon Mobil were worth $7,083,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil during the first quarter worth $29,000. Elequin Capital LP acquired a new position in Exxon Mobil during the first quarter worth $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock traded up $0.74 during trading hours on Monday, reaching $109.97. 15,437,960 shares of the company's stock were exchanged, compared to its average volume of 14,212,491. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market capitalization of $468.82 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57. The business has a fifty day moving average of $110.49 and a two-hundred day moving average of $109.09. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (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 analyst estimates of $79.07 billion. During the same quarter in the prior year, the firm earned $2.14 earnings per share. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insider Activity

In related news, VP Darrin L. Talley sold 2,158 shares of the company'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 owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. 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 for the company. TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $125.00.

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.