Patriot Financial Group Insurance Agency LLC Acquires 2,892 Shares of Exxon Mobil Corporation $XOM

Key Points

• Patriot Financial Group Insurance Agency LLC increased its stake in Exxon Mobil Corporation by 8.3%, acquiring an additional 2,892 shares, bringing its total holdings to 37,712 shares valued at approximately $4,065,000.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, representing an annualized dividend yield of 3.5% and a payout ratio of 56.25%.
• Analysts have mixed ratings on Exxon Mobil's stock, with one Strong Buy, eight Buy, eleven Hold, and one Sell, while Bank of America raised the target price to $120.00 and UBS Group to $143.00.

Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,712 shares of the oil and gas company's stock after acquiring an additional 2,892 shares during the quarter. Patriot Financial Group Insurance Agency LLC's holdings in Exxon Mobil were worth $4,065,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Axis Wealth Partners LLC grew its stake in shares of Exxon Mobil by 1.8% during the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company's stock worth $545,000 after acquiring an additional 90 shares in the last quarter. Park Edge Advisors LLC grew its stake in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company's stock worth $3,453,000 after acquiring an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. grew its stake in shares of 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 worth $285,000 after acquiring an additional 91 shares in the last quarter. Chapin Davis Inc. grew its stake in shares of Exxon Mobil by 2.1% in the second quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company's stock valued at $497,000 after buying an additional 93 shares in the last quarter. Finally, Gagnon Securities LLC grew its stake in shares of Exxon Mobil by 1.3% in the first quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company's stock valued at $860,000 after buying an additional 95 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XOM. Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Exxon Mobil in a research note on Saturday, September 27th. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. Melius began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Finally, UBS Group raised their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. One 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $125.00.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction 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 sale, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company's stock.

Exxon Mobil Stock Up 1.8%

XOM opened at $113.25 on Friday. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company 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. The stock has a fifty day moving average of $111.15 and a 200-day moving average of $109.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its 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 company had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter last year, the firm earned $2.14 earnings per share. The company's revenue was down 12.4% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

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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