FSM Wealth Advisors LLC Acquires 7,840 Shares of Exxon Mobil Corporation $XOM

Key Points

• FSM Wealth Advisors LLC increased its stake in Exxon Mobil Corporation by 22.0% during the second quarter, acquiring an additional 7,840 shares, bringing its total holding to 43,426 shares valued at approximately $4.8 million.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, reflecting a 3.4% yield with a payout ratio of 56.25%.
• Analysts' ratings for Exxon Mobil suggest a consensus of "Moderate Buy" with varying target prices, ranging from $111.00 to $141.00, indicating differing views on the stock's future performance.

FSM Wealth Advisors LLC raised its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 22.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,426 shares of the oil and gas company's stock after acquiring an additional 7,840 shares during the quarter. Exxon Mobil comprises 0.8% of FSM Wealth Advisors LLC's portfolio, making the stock its 28th largest position. FSM Wealth Advisors LLC's holdings in Exxon Mobil were worth $4,825,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Exxon Mobil by 20.6% in the first quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock valued at $9,458,000 after buying an additional 13,582 shares during the period. Eagle Capital Management LLC increased its stake in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock valued at $337,000 after acquiring an additional 376 shares during the last quarter. Ironwood Wealth Management LLC. bought a new position in Exxon Mobil during the 1st quarter worth approximately $200,000. Brucke Financial Inc. grew its holdings in Exxon Mobil by 2.1% during the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company's stock valued at $808,000 after purchasing an additional 142 shares during the period. Finally, RAM Investment Partners LLC bought a new stake in Exxon Mobil in the first quarter valued at approximately $224,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

XOM has been the topic of several analyst reports. Mizuho cut their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Bank of America lifted their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Piper Sandler set a $141.00 price target on Exxon Mobil in a report on Tuesday, October 7th. Finally, Melius Research started coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus target price of $127.58.

Exxon Mobil Price Performance

XOM stock opened at $115.39 on Friday. The stock has a 50-day moving average price of $112.58 and a two-hundred day moving average price of $109.48. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The stock has a market cap of $491.94 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. 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 (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders 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 yield of 3.4%. Exxon Mobil's dividend payout ratio is 56.25%.

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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