Joel Isaacson & Co. LLC Increases Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Joel Isaacson & Co. LLC increased its stake in Exxon Mobil Corporation (NYSE:XOM) by 5.7% in Q2, holding 70,535 shares valued at approximately $7.6 million after acquiring an additional 3,780 shares.
• Analysts have set varying price targets for Exxon Mobil, with Piper Sandler at $141 and Melius Research at $111, while the consensus rating is a "Moderate Buy" with an average target of $125.95.
• Exxon Mobil previously reported a net margin of 9.17% and earnings of $1.64 EPS in its latest quarterly earnings, beating estimates while experiencing a 12.4% decline in revenue year-over-year.

Joel Isaacson & Co. LLC raised its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,535 shares of the oil and gas company's stock after buying an additional 3,780 shares during the period. Joel Isaacson & Co. LLC's holdings in Exxon Mobil were worth $7,604,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XOM. Wedge Capital Management L L P NC boosted its position in Exxon Mobil by 2.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 7,224 shares of the oil and gas company's stock valued at $859,000 after buying an additional 147 shares during the period. GAMMA Investing LLC boosted its position in Exxon Mobil by 20.6% during the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock valued at $9,458,000 after buying an additional 13,582 shares during the period. Eagle Capital Management LLC boosted its position in Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock valued at $337,000 after buying an additional 376 shares during the period. InTrack Investment Management Inc lifted its position in shares of Exxon Mobil by 7.5% in the 1st quarter. InTrack Investment Management Inc now owns 5,500 shares of the oil and gas company's stock worth $654,000 after purchasing an additional 384 shares during the period. Finally, Focus Financial Network Inc. lifted its position in shares of Exxon Mobil by 3.0% in the 1st quarter. Focus Financial Network Inc. now owns 32,022 shares of the oil and gas company's stock worth $3,808,000 after purchasing an additional 923 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on XOM. Barclays dropped their target price on shares of Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a research report on Tuesday. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. Melius Research began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research report on Tuesday. Finally, Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.95.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction that occurred on 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 directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company's stock.

Exxon Mobil Trading Down 1.0%

Shares of NYSE XOM opened at $112.90 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $124.26. The stock has a market cap of $481.32 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 2.06 and a beta of 0.51. The firm has a 50-day moving average of $111.30 and a 200 day moving average of $109.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to analyst estimates 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 was down 12.4% compared to the same quarter last year. During the same period last year, the business earned $2.14 EPS. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal 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 given 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 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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.