Harrell Investment Partners LLC Grows Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Harrell Investment Partners LLC increased its stock holdings in Exxon Mobil Corporation by 46.0% in Q2, owning a total of 41,831 shares valued at $4,509,000.
• Exxon Mobil recently reported earnings of $1.64 per share for the quarter, exceeding expectations, despite a year-over-year revenue decline of 12.4%.
• The company announced a quarterly dividend of $0.99, resulting in an annualized yield of 3.4% and a dividend payout ratio of 56.25%.

Harrell Investment Partners LLC grew its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 46.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,831 shares of the oil and gas company's stock after purchasing an additional 13,175 shares during the quarter. Harrell Investment Partners LLC's holdings in Exxon Mobil were worth $4,509,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Journey Strategic Wealth LLC lifted its stake in Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock worth $2,608,000 after purchasing an additional 1,379 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock worth $45,149,000 after purchasing an additional 131,600 shares in the last quarter. Legacy Trust lifted its stake in Exxon Mobil by 12.7% in the 1st quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after purchasing an additional 997 shares in the last quarter. Hartford Funds Management Co LLC lifted its stake in Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Phoenix Financial Ltd. lifted its stake in Exxon Mobil by 23.9% in the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock worth $11,561,000 after purchasing an additional 18,752 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Bank of America lifted their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Melius initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an "overweight" rating in a research report on Thursday, June 26th. Mizuho reduced their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Finally, Morgan Stanley lifted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Stock Up 1.0%

Exxon Mobil stock opened at $115.65 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. 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 firm has a 50 day moving average price of $110.65 and a 200 day moving average price of $109.46. The company has a market capitalization of $493.04 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57.

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

Exxon Mobil Announces Dividend

The business also recently announced 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 yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $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 is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

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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