SageView Advisory Group LLC Has $5.42 Million Holdings in Exxon Mobil Corporation $XOM

Key Points

• SageView Advisory Group LLC has increased its holdings in Exxon Mobil Corporation by 10.3% to a total of $5.42 million, owning 45,532 shares after acquiring an additional 4,255 shares.
• The company announced a quarterly dividend of $0.99, with a yield of 3.6%, reflecting a dividend payout ratio of 56.25%.
• Analysts have varied ratings on Exxon Mobil, with a consensus "Hold" rating and a target price of $125.00, while Piper Sandler raised its price target to $145.00.

SageView Advisory Group LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,532 shares of the oil and gas company's stock after acquiring an additional 4,255 shares during the period. SageView Advisory Group LLC's holdings in Exxon Mobil were worth $5,415,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of Exxon Mobil by 23.0% during the 4th quarter. Janus Henderson Group PLC now owns 709,539 shares of the oil and gas company's stock valued at $76,362,000 after acquiring an additional 132,507 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Exxon Mobil by 300.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company's stock valued at $1,534,000 after purchasing an additional 10,697 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Exxon Mobil by 9.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 470,726 shares of the oil and gas company's stock valued at $50,622,000 after purchasing an additional 40,472 shares during the period. Minot DeBlois Advisors LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $939,000. Finally, Merewether Investment Management LP raised its stake in shares of Exxon Mobil by 28.0% during the 4th quarter. Merewether Investment Management LP now owns 393,351 shares of the oil and gas company's stock valued at $42,313,000 after purchasing an additional 86,108 shares during the period. Institutional investors own 61.80% of the company's stock.

Insiders Place Their Bets

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

Exxon Mobil Trading Up 0.7%

Shares of XOM stock opened at $110.58 on Wednesday. The stock has a market capitalization of $471.43 billion, a PE ratio of 15.71, a P/E/G ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $126.34. The business has a 50-day moving average of $110.52 and a 200 day moving average of $109.11. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $2.14 EPS. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.6%. Exxon Mobil's dividend payout ratio (DPR) is 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Barclays restated a "hold" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada restated a "sector perform" rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. Finally, Melius Research started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of "Hold" and a consensus target price of $125.00.

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.

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