Ieq Capital LLC Boosts Holdings in Exxon Mobil Corporation $XOM

Key Points

• Ieq Capital LLC has increased its stake in Exxon Mobil Corporation by 20.3%, now owning 239,297 shares valued at approximately $28.46 million as per its latest SEC filing.
• Exxon Mobil Corp announced a quarterly dividend of $0.99 per share, which equates to an annualized dividend of $3.96 and a yield of 3.5%.
• Wall Street analysts remain positive on Exxon Mobil, with ratings that include one Strong Buy, eight Buy, and eleven Hold, indicating a generally optimistic outlook on the stock's performance.

Ieq Capital LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 239,297 shares of the oil and gas company's stock after purchasing an additional 40,332 shares during the period. Ieq Capital LLC's holdings in Exxon Mobil were worth $28,460,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Axis Wealth Partners LLC raised its holdings in shares of Exxon Mobil by 1.9% during the 1st quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock worth $591,000 after acquiring an additional 93 shares in the last quarter. Gagnon Securities LLC increased its position in shares of Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after purchasing an additional 95 shares during the last quarter. Ascent Capital Management LLC raised its holdings in Exxon Mobil by 2.0% during the 1st quarter. Ascent Capital Management LLC now owns 4,913 shares of the oil and gas company's stock valued at $584,000 after buying an additional 96 shares during the period. DDD Partners LLC raised its holdings in Exxon Mobil by 1.4% during the 1st quarter. DDD Partners LLC now owns 6,811 shares of the oil and gas company's stock valued at $810,000 after buying an additional 96 shares during the period. Finally, Waypoint Wealth Partners Inc. raised its holdings in Exxon Mobil by 2.1% during the 1st quarter. Waypoint Wealth Partners Inc. now owns 4,672 shares of the oil and gas company's stock valued at $556,000 after buying an additional 96 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the topic of several recent research reports. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. UBS Group upped their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company set a $127.00 target price on 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 issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $125.00.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $111.71 on Wednesday. The firm has a market cap of $476.26 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.09 and a beta of 0.53. The company has a current ratio of 1.25, a quick ratio of 0.88 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 stock's fifty day moving average price is $110.18 and its 200-day moving average price is $108.92.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly 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. 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%.The business's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.14 earnings per share. On average, equities research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio 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.

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