Golden State Equity Partners Buys 4,379 Shares of Exxon Mobil Corporation $XOM

Key Points

• Golden State Equity Partners increased its stake in Exxon Mobil Corporation by 20.8%, acquiring an additional 4,379 shares, which brought their total holdings to 25,481 shares valued at approximately $2.75 million.
• Exxon Mobil reported $1.64 EPS for the last quarter, exceeding analysts' expectations, although its revenue of $81.51 billion showed a 12.4% decline year-over-year.
• The company announced a quarterly dividend of $0.99 per share, reflecting a 3.5% yield, with a dividend payout ratio of 56.25%.

Golden State Equity Partners increased its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,481 shares of the oil and gas company's stock after purchasing an additional 4,379 shares during the period. Golden State Equity Partners' holdings in Exxon Mobil were worth $2,747,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Graybill Wealth Management LTD. bought a new position in shares of Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil in the first quarter worth $31,000. Capital A Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth $32,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after buying an additional 238 shares in the last quarter. Finally, Game Plan Financial Advisors LLC boosted its stake in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after buying an additional 300 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was 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 in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. 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 company insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $113.94 on Wednesday. The business's 50-day moving average price is $110.52 and its 200-day moving average price is $109.40. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a market capitalization of $485.75 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.04 and a beta of 0.57. 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 announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. During the same period last year, the firm posted $2.14 earnings per share. The business's revenue for the quarter was down 12.4% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business 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. 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 (DPR) is 56.25%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Mizuho reduced their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective on the stock. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. UBS Group raised their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $125.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.