Morningstar Investment Management LLC Purchases 5,579 Shares of Exxon Mobil Corporation $XOM

Key Points

• Morningstar Investment Management LLC increased its stake in Exxon Mobil by 19.8%, acquiring an additional 5,579 shares to hold a total of 33,702 shares, valued at approximately $3.63 million.
• Exxon Mobil reported a quarterly EPS of $0.65 with revenue of $57.55 billion, and analysts expect a projected EPS of 7.43 for the current fiscal year.
• The company recently declared a quarterly dividend of $0.99 per share, translating to an annualized dividend yield of 3.6%.

Morningstar Investment Management LLC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 19.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,702 shares of the oil and gas company's stock after purchasing an additional 5,579 shares during the period. Exxon Mobil accounts for about 0.3% of Morningstar Investment Management LLC's holdings, making the stock its 29th biggest position. Morningstar Investment Management LLC's holdings in Exxon Mobil were worth $3,633,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in XOM. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the first quarter worth about $29,000. Elequin Capital LP bought a new stake in Exxon Mobil in the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in 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 during the period. Game Plan Financial Advisors LLC raised its position in 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 during the period. Finally, Marshall & Sullivan Inc. WA bought a new stake in Exxon Mobil in the second quarter worth about $38,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $110.71 on Friday. The company has a 50 day moving average of $111.72 and a 200 day moving average of $109.30. The stock has a market cap of $471.98 billion, a P/E ratio of 15.73, a P/E/G ratio of 2.01 and a beta of 0.51. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. 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 (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's payout ratio is currently 56.25%.

Insider Buying and Selling

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 transaction of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Barclays reduced 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. Bank of America lifted 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. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an "overweight" rating in a research note on Thursday, June 26th. Finally, Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of "Moderate Buy" and an average target price of $126.05.

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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