Integrity Alliance LLC. Buys 36,957 Shares of Exxon Mobil Corporation $XOM

Key Points

• Integrity Alliance LLC increased its stake in Exxon Mobil by 163.5% to 59,560 shares, valuing its investment at approximately $7.08 million.
• Exxon Mobil reported $1.64 EPS for the last quarter, exceeding analysts' expectations of $1.47, although revenue declined by 12.4% year-over-year.
• The company has announced a quarterly dividend of $0.99 per share, set to be paid on September 10th, yielding 3.6% annually.

Integrity Alliance LLC. grew its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 163.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,560 shares of the oil and gas company's stock after purchasing an additional 36,957 shares during the period. Integrity Alliance LLC.'s holdings in Exxon Mobil were worth $7,084,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Axis Wealth Partners LLC increased its position in shares of Exxon Mobil by 1.9% during the first quarter. Axis Wealth Partners LLC now owns 4,966 shares of the oil and gas company's stock valued at $591,000 after purchasing an additional 93 shares during the period. Gagnon Securities LLC lifted 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 worth $860,000 after buying an additional 95 shares during the period. Ascent Capital Management LLC lifted its position in shares of 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 worth $584,000 after buying an additional 96 shares during the period. DDD Partners LLC lifted its position in shares of 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 worth $810,000 after buying an additional 96 shares during the period. Finally, Waypoint Wealth Partners Inc. lifted its position in shares of 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 worth $556,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

NYSE XOM traded down $0.24 on Thursday, hitting $112.26. 11,532,749 shares of the company were exchanged, compared to its average volume of 14,239,243. The firm has a 50 day moving average of $110.55 and a two-hundred day moving average of $109.14. The company has a market cap of $478.59 billion, a P/E ratio of 15.95, a P/E/G ratio of 2.06 and a beta of 0.57. 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 1-year low of $97.80 and a 1-year high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping 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 analysts' expectations of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the business'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 owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

XOM has been the subject of several analyst reports. Morgan Stanley raised their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Piper Sandler raised their target price on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Exxon Mobil currently has an average rating of "Hold" and a consensus price target of $124.81.

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.