HB Wealth Management LLC Acquires 37,968 Shares of Exxon Mobil Corporation $XOM

Key Points

• HB Wealth Management LLC increased its holdings in Exxon Mobil Corporation by 16.7%, acquiring an additional 37,968 shares, bringing its total holdings to 265,170 shares valued at approximately $28.6 million.
• Wall Street analysts have a consensus rating of "Hold" for Exxon Mobil, with a consensus price target of $125.00, indicating moderate optimism about future performance.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, amounting to an annualized dividend yield of 3.5%.

HB Wealth Management LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 16.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 265,170 shares of the oil and gas company's stock after acquiring an additional 37,968 shares during the quarter. HB Wealth Management LLC's holdings in Exxon Mobil were worth $28,585,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. HBW Advisory Services LLC increased its stake in Exxon Mobil by 35.7% in the 1st quarter. HBW Advisory Services LLC now owns 4,512 shares of the oil and gas company's stock valued at $537,000 after buying an additional 1,188 shares during the last quarter. CGN Advisors LLC increased its stake in Exxon Mobil by 47.3% in the 1st quarter. CGN Advisors LLC now owns 5,144 shares of the oil and gas company's stock valued at $612,000 after buying an additional 1,652 shares during the last quarter. Apella Capital LLC increased its stake in Exxon Mobil by 34.8% in the 1st quarter. Apella Capital LLC now owns 24,770 shares of the oil and gas company's stock valued at $2,946,000 after buying an additional 6,400 shares during the last quarter. TrueWealth Advisors LLC increased its stake in Exxon Mobil by 2.4% in the 1st quarter. TrueWealth Advisors LLC now owns 13,641 shares of the oil and gas company's stock valued at $1,622,000 after buying an additional 317 shares during the last quarter. Finally, Accel Wealth Management increased its stake in Exxon Mobil by 6.8% in the 1st quarter. Accel Wealth Management now owns 6,616 shares of the oil and gas company's stock valued at $787,000 after buying an additional 420 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on XOM. TD Cowen increased their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Bank of America increased their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $125.00.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction that occurred 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 directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company's stock.

Exxon Mobil Trading Down 0.6%

Shares of XOM stock opened at $112.04 on Thursday. The company has a 50 day moving average of $111.09 and a 200-day moving average of $109.58. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The firm has a market cap of $477.64 billion, a P/E ratio of 15.91, a PEG ratio of 2.05 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period last year, the firm earned $2.14 EPS. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is 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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