Exxon Mobil Corporation $XOM Shares Acquired by RPG Investment Advisory LLC

Key Points

• RPG Investment Advisory LLC increased its stake in Exxon Mobil Corporation by 100%, acquiring 3,521 additional shares, bringing their total holdings to 7,042 shares worth approximately $838,000.
• Wall Street analysts have a mixed outlook on Exxon Mobil, with a consensus rating of "Hold" and a price target averaging $125.00, with ratings ranging from "Strong Buy" to "Sell."
• Exxon Mobil declared a quarterly dividend of $0.99 per share, representing an annualized dividend of $3.96 and a yield of 3.6%, with a dividend payout ratio of 56.25%.

RPG Investment Advisory LLC raised its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 100.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,042 shares of the oil and gas company's stock after purchasing an additional 3,521 shares during the quarter. RPG Investment Advisory LLC's holdings in Exxon Mobil were worth $838,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Tortoise Capital Advisors L.L.C. grew its stake in Exxon Mobil by 162.5% during the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 169,099 shares of the oil and gas company's stock valued at $20,111,000 after purchasing an additional 104,684 shares during the last quarter. Mccarter Private Wealth Services LLC grew its stake in Exxon Mobil by 1.6% during the 1st quarter. Mccarter Private Wealth Services LLC now owns 9,584 shares of the oil and gas company's stock valued at $1,140,000 after purchasing an additional 150 shares during the last quarter. Compound Planning Inc. grew its stake in Exxon Mobil by 13.3% during the 1st quarter. Compound Planning Inc. now owns 56,325 shares of the oil and gas company's stock valued at $6,699,000 after purchasing an additional 6,616 shares during the last quarter. Barnes Wealth Management Group Inc grew its stake in Exxon Mobil by 11.8% during the 1st quarter. Barnes Wealth Management Group Inc now owns 3,885 shares of the oil and gas company's stock valued at $462,000 after purchasing an additional 410 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on XOM shares. UBS Group upped their target price on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday. Melius Research started coverage on Exxon Mobil in a research note on Wednesday. They issued a "hold" rating and a $111.00 target price on the stock. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Piper Sandler upped their target price on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $125.00.

Exxon Mobil Price Performance

NYSE XOM traded up $1.8920 during trading hours on Friday, reaching $111.1220. The company's stock had a trading volume of 13,580,389 shares, compared to its average volume of 15,563,514. The firm has a market capitalization of $473.74 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 2.08 and a beta of 0.53. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company's 50-day moving average is $110.24 and its two-hundred day moving average is $108.88.

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 company 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%.Exxon Mobil's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.14 EPS. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.6%. Exxon Mobil's dividend payout ratio is presently 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.