LifeWealth Investments LLC Increases Position in Exxon Mobil Corporation $XOM

Key Points

• LifeWealth Investments LLC increased its position in Exxon Mobil by 47.2% during the second quarter, bringing its total shares to 6,858 valued at approximately $739,000.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, translating to an annual yield of 3.4% with a payout ratio of 56.25%.
• Several analysts have adjusted their price targets for Exxon Mobil, with Piper Sandler setting a target of $141.00 and Bank of America raising its target to $120.00.

LifeWealth Investments LLC raised its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 47.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,858 shares of the oil and gas company's stock after purchasing an additional 2,198 shares during the quarter. LifeWealth Investments LLC's holdings in Exxon Mobil were worth $739,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil in the first quarter worth $31,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC grew its stake 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 worth $38,000 after acquiring an additional 300 shares in the last quarter. Finally, 1248 Management LLC acquired a new position in shares of Exxon Mobil in the first quarter worth $40,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.39 on Friday. 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 Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a market capitalization of $491.94 billion, a PE ratio of 16.39, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a fifty day moving average of $112.58 and a two-hundred day moving average of $109.48.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $57.55 billion during the quarter. As a group, analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is currently 56.25%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction 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. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 7th. 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 research note on Wednesday, September 10th. Barclays lowered 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 note on Tuesday, October 7th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.58.

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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