Prime Capital Investment Advisors LLC Has $31.44 Million Stake in Exxon Mobil Corporation $XOM

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in Exxon Mobil by 31.8%, selling 135,786 shares, bringing its total holdings to 291,609 shares valued at approximately $31.44 million.
• Exxon Mobil recently reported earnings of $1.64 per share, exceeding analyst expectations, despite a year-over-year revenue decline of 12.4% to $81.51 billion.
• Exxon Mobil announced a quarterly dividend of $0.99, reflecting an annualized dividend yield of 3.5% with a payout ratio of 56.25%.

Prime Capital Investment Advisors LLC decreased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 31.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 291,609 shares of the oil and gas company's stock after selling 135,786 shares during the period. Prime Capital Investment Advisors LLC's holdings in Exxon Mobil were worth $31,435,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in XOM. Wedge Capital Management L L P NC grew its holdings in Exxon Mobil by 2.1% in the 1st quarter. Wedge Capital Management L L P NC now owns 7,224 shares of the oil and gas company's stock valued at $859,000 after buying an additional 147 shares during the last quarter. GAMMA Investing LLC grew its holdings in Exxon Mobil by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company's stock valued at $9,458,000 after buying an additional 13,582 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Exxon Mobil by 7.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 8,118 shares of the oil and gas company's stock worth $966,000 after purchasing an additional 539 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Exxon Mobil by 41.2% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 89,948 shares of the oil and gas company's stock worth $10,698,000 after purchasing an additional 26,243 shares in the last quarter. Finally, Curated Wealth Partners LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $367,000. Institutional investors and hedge funds own 61.80% of the company's stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil 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 sale, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

XOM opened at $114.08 on Thursday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $124.26. The firm has a market capitalization of $486.35 billion, a PE ratio of 16.20, a PEG ratio of 2.07 and a beta of 0.51. 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 business's 50-day simple moving average is $111.28 and its 200 day simple moving average is $109.54.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $79.07 billion. During the same quarter in the prior year, the company posted $2.14 earnings per share. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. Wall Street Zen upgraded Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Piper Sandler set a $141.00 target price on Exxon Mobil in a research note on Tuesday. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Bank of America lifted their price objective on Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Finally, Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.79.

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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