Financial Synergies Wealth Advisors Inc. Grows Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Financial Synergies Wealth Advisors Inc. increased its holdings in Exxon Mobil Corporation by 5.7% during the 2nd quarter, owning a total of 50,556 shares valued at $5,450,000.
• Recent analyst ratings for Exxon Mobil indicate a consensus rating of "Moderate Buy" with a price target of $127.58, including two Strong Buy ratings and ten Hold ratings from various brokerages.
• Exxon Mobil paid a quarterly dividend of $0.99 per share, equating to an annualized dividend of $3.96, and representing a dividend yield of 3.5%.

Financial Synergies Wealth Advisors Inc. grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 50,556 shares of the oil and gas company's stock after purchasing an additional 2,730 shares during the period. Exxon Mobil makes up approximately 0.6% of Financial Synergies Wealth Advisors Inc.'s holdings, making the stock its 22nd largest position. Financial Synergies Wealth Advisors Inc.'s holdings in Exxon Mobil were worth $5,450,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil in the 1st quarter worth approximately $29,000. Elequin Capital LP purchased a new position in Exxon Mobil in the 1st quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% in the 1st 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 last quarter. Game Plan Financial Advisors LLC raised its holdings in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Finally, 1248 Management LLC purchased a new position in Exxon Mobil in the 1st quarter worth approximately $40,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on XOM. Melius assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 7th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Melius Research assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 target price for the company. Finally, UBS Group boosted their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $127.58.

Exxon Mobil Trading Up 0.4%

Shares of XOM stock opened at $112.68 on Tuesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The firm has a fifty day moving average price of $111.97 and a 200-day moving average price of $109.22. 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 company has a market cap of $480.38 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.01 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued 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 firm had revenue of $57.55 billion during the quarter. As a group, equities analysts predict 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%.

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 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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