GGM Financials LLC Purchases Shares of 2,711 Exxon Mobil Corporation $XOM

GGM Financials LLC purchased a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,711 shares of the oil and gas company's stock, valued at approximately $292,000.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. GAMMA Investing LLC grew its position in Exxon Mobil by 20.6% during 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 acquiring an additional 13,582 shares during the period. Eagle Capital Management LLC grew its position in Exxon Mobil by 15.3% during the first 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 period. Ironwood Wealth Management LLC. purchased a new stake in Exxon Mobil during the first quarter valued at about $200,000. Davis Investment Partners LLC grew its position in Exxon Mobil by 16.8% during the first quarter. Davis Investment Partners LLC now owns 34,527 shares of the oil and gas company's stock valued at $4,106,000 after acquiring an additional 4,967 shares during the period. Finally, Yarger Wealth Strategies LLC grew its position in Exxon Mobil by 35.1% during the first quarter. Yarger Wealth Strategies LLC now owns 3,704 shares of the oil and gas company's stock valued at $441,000 after acquiring an additional 962 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Thursday. Melius initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Barclays decreased their target price on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.95.

Exxon Mobil Trading Down 1.8%

NYSE:XOM opened at $110.93 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $124.26. The business's 50-day simple moving average is $111.32 and its 200 day simple moving average is $109.48. The stock has a market cap of $472.94 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 2.04 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $57.55 billion for the quarter. As a group, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. Exxon Mobil's payout ratio is 56.25%.

Exxon Mobil Company 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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