HF Advisory Group LLC Purchases 2,456 Shares of Exxon Mobil Corporation $XOM

Key Points

• HF Advisory Group LLC increased its stake in Exxon Mobil by 10.8% during the second quarter, owning a total of 25,098 shares worth approximately $2.7 million.
• Exxon Mobil recently declared a quarterly dividend of $0.99, which represents an annualized yield of 3.5% and a payout ratio of 56.25%.
• Analysts have mixed ratings on Exxon Mobil, with a current average rating of "Hold" and target prices ranging from $111.00 to $145.00.

HF Advisory Group LLC grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,098 shares of the oil and gas company's stock after purchasing an additional 2,456 shares during the quarter. Exxon Mobil comprises about 1.1% of HF Advisory Group LLC's holdings, making the stock its 28th biggest holding. HF Advisory Group LLC's holdings in Exxon Mobil were worth $2,706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Graybill Wealth Management LTD. purchased a new position in shares of Exxon Mobil in the first quarter worth approximately $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter worth $31,000. Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth $32,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Exxon Mobil by 396.7% during 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 purchasing an additional 238 shares during the period. Finally, Game Plan Financial Advisors LLC raised its holdings in shares of 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 acquiring an additional 300 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 sale, the vice president 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on XOM. Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Mizuho lowered their price objective on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. TD Cowen raised their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. 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 analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $124.76.

Exxon Mobil Stock Performance

Shares of NYSE XOM traded down $1.11 during mid-day trading on Friday, hitting $112.82. The company had a trading volume of 38,732,208 shares, compared to its average volume of 13,609,037. The stock has a market cap of $480.98 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 2.06 and a beta of 0.57. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm's 50 day simple moving average is $110.54 and its two-hundred day simple moving average is $109.34.

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, beating the consensus estimate 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 analysts' expectations of $79.07 billion. During the same period last year, the firm earned $2.14 EPS. The firm's revenue was down 12.4% compared to the same quarter last year. As a group, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

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.