Gradient Investments LLC Purchases 5,241 Shares of Exxon Mobil Corporation $XOM

Key Points

• Gradient Investments LLC increased its stake in Exxon Mobil by 3.9%, owning a total of 140,523 shares valued at approximately $15.15 million after acquiring an additional 5,241 shares.
• Exxon Mobil reported $1.64 EPS for the latest quarter, exceeding estimates, with revenue of $81.51 billion, indicating a 12.4% decline compared to the same period last year.
• The company announced a quarterly dividend of $0.99 per share, resulting in an annualized dividend yield of 3.5%, with a current payout ratio of 56.25%.

Gradient Investments LLC grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,523 shares of the oil and gas company's stock after purchasing an additional 5,241 shares during the quarter. Gradient Investments LLC's holdings in Exxon Mobil were worth $15,148,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Adams Asset Advisors LLC increased its position in Exxon Mobil by 17.0% during the second quarter. Adams Asset Advisors LLC now owns 10,040 shares of the oil and gas company's stock worth $1,082,000 after acquiring an additional 1,462 shares during the period. Mirabaud & Cie SA lifted its position in shares of Exxon Mobil by 5.6% in the 2nd quarter. Mirabaud & Cie SA now owns 25,189 shares of the oil and gas company's stock worth $2,715,000 after purchasing an additional 1,331 shares during the period. Moulton Wealth Management Inc. increased its stake in shares of Exxon Mobil by 0.9% in the 2nd quarter. Moulton Wealth Management Inc. now owns 13,193 shares of the oil and gas company's stock valued at $1,480,000 after acquiring an additional 121 shares in the last quarter. Cultivar Capital Inc. increased its stake in Exxon Mobil by 13.8% during the 2nd quarter. Cultivar Capital Inc. now owns 11,036 shares of the oil and gas company's stock valued at $1,190,000 after purchasing an additional 1,342 shares in the last quarter. Finally, New Capital Management LP boosted its holdings in Exxon Mobil by 4.9% during the 2nd quarter. New Capital Management LP now owns 3,286 shares of the oil and gas company's stock worth $354,000 after acquiring an additional 153 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Morgan Stanley raised their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday. UBS Group boosted 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, Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $124.81.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on 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 of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.

Exxon Mobil Trading Up 0.1%

Exxon Mobil stock opened at $112.21 on Monday. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34. The stock has a market cap of $478.38 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a 50-day moving average of $110.55 and a two-hundred day moving average of $109.14.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the company earned $2.14 earnings per share. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is currently 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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