Signature Estate & Investment Advisors LLC Increases Stock Position in Exxon Mobil Corporation $XOM

Key Points

• Signature Estate & Investment Advisors LLC increased its stake in Exxon Mobil Corporation by 13.4%, acquiring an additional 2,784 shares to reach a total of 23,567 shares valued at approximately $2.8 million.
• Exxon Mobil's quarterly earnings surpassed analyst expectations, reporting $1.64 EPS against estimates of $1.47, with revenues reaching $81.51 billion despite a 12.4% decrease year-over-year.
• The company declared a quarterly dividend of $0.99 per share, reflecting an annualized yield of 3.6% and a payout ratio of 56.25%.

Signature Estate & Investment Advisors LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 13.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,567 shares of the oil and gas company's stock after purchasing an additional 2,784 shares during the quarter. Signature Estate & Investment Advisors LLC's holdings in Exxon Mobil were worth $2,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. 10Elms LLP purchased a new stake in Exxon Mobil in the fourth quarter valued at approximately $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the first quarter valued at approximately $29,000. Elequin Capital LP bought a new position in Exxon Mobil during the first quarter valued at approximately $31,000. Capital A Wealth Management LLC bought a new position in Exxon Mobil during the fourth quarter valued at approximately $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in Exxon Mobil by 396.7% during 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 acquiring an additional 238 shares during the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $109.23 on Monday. The stock has a fifty day moving average of $110.45 and a 200 day moving average of $109.10. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $126.34. The firm has a market capitalization of $465.66 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.04 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the firm posted $2.14 earnings per share. The firm's revenue was down 12.4% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

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 paid 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 (DPR) is presently 56.25%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Mizuho reduced their price target on shares of Exxon Mobil from $129.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. TD Cowen raised their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Barclays restated a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $125.00.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the firm's stock in a transaction 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 of the company's stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by insiders.

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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