Hamilton Capital LLC Buys 5,662 Shares of Exxon Mobil Corporation $XOM

Key Points

• Hamilton Capital LLC increased its stake in Exxon Mobil by 13.6%, acquiring an additional 5,662 shares, bringing its total to 47,393 shares valued at approximately $5.63 million.
• Exxon Mobil reported earnings of $1.64 EPS, surpassing analyst expectations of $1.47, though revenue showed a 12.4% decline year-over-year.
• The company declared a quarterly dividend of $0.99 per share with a yield of 3.6%, and the ex-dividend date is set for August 15th.

Hamilton Capital LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,393 shares of the oil and gas company's stock after purchasing an additional 5,662 shares during the period. Exxon Mobil comprises about 0.3% of Hamilton Capital LLC's holdings, making the stock its 14th largest holding. Hamilton Capital LLC's holdings in Exxon Mobil were worth $5,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KKM Financial LLC raised its stake in Exxon Mobil by 4.9% during the fourth quarter. KKM Financial LLC now owns 24,440 shares of the oil and gas company's stock worth $2,629,000 after buying an additional 1,134 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Exxon Mobil by 23.0% in the fourth quarter. Janus Henderson Group PLC now owns 709,539 shares of the oil and gas company's stock worth $76,362,000 after purchasing an additional 132,507 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Exxon Mobil by 300.1% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock worth $1,534,000 after purchasing an additional 10,697 shares during the period. Investor s Fiduciary Advisor Network LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $1,590,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $120,962,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the subject of a number of analyst reports. Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. Mizuho cut their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Wall Street Zen cut shares of Exxon Mobil from a "hold" rating to a "sell" rating in a report on Friday. Finally, Piper Sandler boosted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. 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 given a Sell rating to the company. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of "Hold" and a consensus price target of $125.00.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $109.23 on Monday. The firm's 50 day simple moving average is $110.45 and its 200 day simple moving average is $109.10. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $465.66 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.04 and a beta of 0.57. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 9.17% and a return on equity of 11.34%. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.14 EPS. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the 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. This represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is 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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