MGO One Seven LLC Raises Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• MGO One Seven LLC increased its stake in Exxon Mobil Corporation by 3.6%, resulting in ownership of 119,291 shares valued at approximately $12.86 million as of the end of the second quarter.
• Exxon Mobil announced a quarterly dividend of $0.99, with a projected annualized dividend yield of 3.5% and a payout ratio of 56.25%.
• Wall Street analysts have given Exxon Mobil a consensus rating of "Moderate Buy" with a price target averaging $126.05, reflecting expectations for continued growth in earnings.

MGO One Seven LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,291 shares of the oil and gas company's stock after buying an additional 4,186 shares during the period. MGO One Seven LLC's holdings in Exxon Mobil were worth $12,860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its stake in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock worth $38,000 after purchasing an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Exxon Mobil during the second quarter worth about $38,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.5%

XOM stock opened at $111.76 on Thursday. The company's 50 day moving average price is $111.63 and its 200 day moving average price is $109.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21. The firm has a market capitalization of $476.46 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 2.03 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on XOM shares. Melius started coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Morgan Stanley boosted their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. TD Cowen boosted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. UBS Group boosted their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of "Moderate Buy" and a consensus price target of $126.05.

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 completion of the transaction, the vice president directly owned 13,829 shares of the company's stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.

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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