Naples Global Advisors LLC Raises Position in Exxon Mobil Corporation $XOM

Key Points

• Naples Global Advisors LLC increased its stake in Exxon Mobil Corporation by 32.3% in the second quarter, now holding 102,945 shares valued at approximately $11.1 million.
• Exxon Mobil reported $1.64 EPS for the latest quarter, surpassing analyst expectations of $1.47, despite a 12.4% year-over-year decline in revenue.
• The company declared a quarterly dividend of $0.99 per share, resulting in an annualized dividend yield of 3.5%.

Naples Global Advisors LLC lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 32.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 102,945 shares of the oil and gas company's stock after buying an additional 25,108 shares during the quarter. Exxon Mobil accounts for approximately 1.0% of Naples Global Advisors LLC's holdings, making the stock its 15th largest holding. Naples Global Advisors LLC's holdings in Exxon Mobil were worth $11,097,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Axis Wealth Partners LLC boosted its position in Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock valued at $545,000 after buying an additional 90 shares during the last quarter. Park Edge Advisors LLC boosted its holdings in Exxon Mobil by 0.3% in the second quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock valued at $3,453,000 after purchasing an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. grew its stake in Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company's stock valued at $285,000 after purchasing an additional 91 shares in the last quarter. Chapin Davis Inc. increased its holdings in Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock worth $497,000 after purchasing an additional 93 shares during the last quarter. Finally, Gagnon Securities LLC raised its position in shares of Exxon Mobil by 1.3% in the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $113.25 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm's 50-day moving average price is $111.15 and its two-hundred day moving average price is $109.52. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market capitalization of $482.81 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.06 and a beta of 0.51.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion for the quarter, compared to analysts' expectations of $79.07 billion. During the same period in the prior year, the firm earned $2.14 EPS. The business's quarterly revenue was down 12.4% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on XOM shares. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. UBS Group raised their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a research note on Saturday, September 27th. Finally, Piper Sandler upped their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $125.00.

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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