RMG Wealth Management LLC Invests $241,000 in Exxon Mobil Corporation $XOM

Key Points

• RMG Wealth Management LLC invested approximately $241,000 in Exxon Mobil Corporation by acquiring 2,218 shares during the second quarter.
• Exxon Mobil's recent earnings report revealed an EPS of $1.64, surpassing estimates, and a revenue of $81.51 billion, down 12.4% year-over-year.
• The company declared a quarterly dividend of $0.99 per share, yielding 3.5%, with a payout ratio of 56.25%.

RMG Wealth Management LLC bought a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,218 shares of the oil and gas company's stock, valued at approximately $241,000.

Other large investors have also modified their holdings of the company. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil in the first quarter valued at $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil in the first quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% in the first 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 in the last quarter. Game Plan Financial Advisors LLC raised its stake in shares of Exxon Mobil by 1,500.0% in the first 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 in the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil in the second quarter valued at $38,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of XOM stock opened at $112.90 on Friday. The stock's fifty day moving average is $111.30 and its 200-day moving average is $109.52. 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 stock has a market capitalization of $481.32 billion, a PE ratio of 16.04, a PEG ratio of 2.06 and a beta of 0.51. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion for 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 business's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.14 earnings per share. Equities research analysts expect that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of Exxon Mobil in a research note on Wednesday. UBS Group upped their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Mizuho lowered their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Scotiabank reiterated an "outperform" rating on shares of Exxon Mobil in a research report on Thursday. Finally, Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $125.95.

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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