Oliver Lagore Vanvalin Investment Group Invests $598,000 in Exxon Mobil Corporation $XOM

Key Points

• Oliver Lagore Vanvalin Investment Group has invested $598,000 in Exxon Mobil Corporation by acquiring 5,029 shares in the 2nd quarter.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, reflecting an annualized yield of 3.5%.
• Wall Street analysts have set a consensus price target of $124.76 for Exxon Mobil, with various ratings ranging from Strong Buy to Sell.

Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,029 shares of the oil and gas company's stock, valued at approximately $598,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $29,000. Elequin Capital LP purchased a new stake in shares of Exxon Mobil in the 1st quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of 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 purchasing an additional 238 shares during the last quarter. Capital A Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter valued at about $32,000. Finally, Game Plan Financial Advisors LLC lifted its holdings in shares of Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was 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 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Finally, UBS Group upped their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $124.76.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $112.82 on Friday. The company has a market cap of $480.98 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57. The stock has a 50 day simple moving average of $110.54 and a 200-day simple moving average of $109.31. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. 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 earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company's revenue for the quarter was down 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 EPS. On average, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Exxon Mobil Company 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.

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.