Signaturefd LLC Has $10.85 Million Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Signaturefd LLC has reduced its holdings in Exxon Mobil by 4.0%, now owning 100,612 shares valued at approximately $10.85 million.
• Multiple institutional investors, such as Rainier Family Wealth Inc. and Highline Wealth Partners LLC, increased their stakes in Exxon Mobil during the second quarter, highlighting continued investor interest.
• Exxon Mobil declared a quarterly dividend of $0.99 per share, reflecting a 3.4% yield on an annualized basis, with a current payout ratio of 56.25%.

Signaturefd LLC lowered its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,612 shares of the oil and gas company's stock after selling 4,212 shares during the quarter. Signaturefd LLC's holdings in Exxon Mobil were worth $10,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rainier Family Wealth Inc. increased its position in Exxon Mobil by 18.3% during the second quarter. Rainier Family Wealth Inc. now owns 2,002 shares of the oil and gas company's stock worth $216,000 after buying an additional 309 shares during the last quarter. Stillwater Capital Advisors LLC boosted its stake in shares of Exxon Mobil by 0.5% during the 2nd quarter. Stillwater Capital Advisors LLC now owns 148,100 shares of the oil and gas company's stock worth $15,965,000 after acquiring an additional 671 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 67.2% during the 2nd quarter. Highline Wealth Partners LLC now owns 674 shares of the oil and gas company's stock worth $73,000 after acquiring an additional 271 shares in the last quarter. Vestia Personal Wealth Advisors boosted its stake in shares of Exxon Mobil by 3.5% during the 2nd quarter. Vestia Personal Wealth Advisors now owns 2,931 shares of the oil and gas company's stock worth $316,000 after acquiring an additional 98 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN boosted its stake in shares of Exxon Mobil by 0.6% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 69,558 shares of the oil and gas company's stock worth $7,498,000 after acquiring an additional 399 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on XOM shares. Mizuho reduced 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. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Piper Sandler raised their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Bank of America upped their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Finally, Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $125.00.

Exxon Mobil Stock Performance

NYSE XOM opened at $117.15 on Monday. The stock has a market cap of $499.44 billion, a P/E ratio of 16.64, a PEG ratio of 2.13 and a beta of 0.57. The company's 50-day simple moving average is $110.83 and its 200 day simple moving average is $109.53. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. 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 released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the previous year, the business earned $2.14 earnings per share. The company's quarterly revenue was down 12.4% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. Exxon Mobil's payout ratio is 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.03% of the company's stock.

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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