Randolph Co Inc Raises Holdings in Exxon Mobil Corporation $XOM

Key Points

• Randolph Co Inc increased its holdings in Exxon Mobil Corporation by 1.4% to a total of 223,747 shares, valued at approximately $24.1 million, making it the firm's 20th largest position.
• Exxon Mobil recently announced a quarterly dividend of $0.99 per share, with a current annualized dividend yield of 3.4%.
• Despite a decline in year-over-year revenue, Exxon Mobil reported $1.64 earnings per share for the latest quarter, exceeding analyst expectations of $1.47.

Randolph Co Inc increased its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 223,747 shares of the oil and gas company's stock after purchasing an additional 3,092 shares during the quarter. Exxon Mobil makes up approximately 2.5% of Randolph Co Inc's investment portfolio, making the stock its 20th largest position. Randolph Co Inc's holdings in Exxon Mobil were worth $24,120,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in XOM. Graybill Wealth Management LTD. purchased a new stake in Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil in the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in 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 buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC grew its holdings in 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 buying an additional 300 shares in the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in Exxon Mobil in the 2nd quarter valued at $38,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company's stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $117.15 on Friday. The stock has a market cap of $499.44 billion, a PE ratio of 16.64, a P/E/G ratio of 2.11 and a beta of 0.57. 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 Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a fifty day simple moving average of $110.83 and a 200-day simple moving average of $109.52.

Exxon Mobil (NYSE:XOM - Get Free Report) last released 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. The business had revenue of $81.51 billion during the quarter, compared to analysts' expectations 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 was down 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.14 EPS. Equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced 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 3.4%. Exxon Mobil's dividend payout ratio is presently 56.25%.

Analyst Ratings Changes

Several analysts have issued reports on XOM shares. Bank of America upped their target price on Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Mizuho dropped their target price on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Melius started 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. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Finally, UBS Group increased their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Hold" and an average target price 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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