Silverberg Bernstein Capital Management LLC Purchases Shares of 3,525 Exxon Mobil Corporation $XOM

Key Points

• Silverberg Bernstein Capital Management LLC purchased 3,525 shares of Exxon Mobil Corporation, valued at approximately $380,000, in the 2nd quarter.
• Exxon Mobil recently reported $1.64 earnings per share, surpassing analysts' expectations, although revenue decreased 12.4% year-over-year to $81.51 billion.
• The company disclosed a quarterly dividend of $0.99 per share, representing an annualized yield of 3.5% and a payout ratio of 56.25%.

Silverberg Bernstein Capital Management LLC purchased a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,525 shares of the oil and gas company's stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. 10Elms LLP acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP acquired a new position in Exxon Mobil during the 1st quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth approximately $32,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its position in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 2.0%

Shares of XOM stock opened at $114.64 on Wednesday. The stock has a 50-day simple moving average of $110.59 and a 200 day simple moving average of $109.19. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The stock has a market capitalization of $488.74 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.05 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 released its quarterly earnings results 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 business had revenue of $81.51 billion during the quarter, compared to analyst estimates of $79.07 billion. During the same quarter last year, the company posted $2.14 EPS. Exxon Mobil's revenue for the quarter was down 12.4% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Piper Sandler boosted their price target on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Melius assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Melius Research assumed coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target on the stock. Finally, TD Cowen boosted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $124.76.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company's stock.

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.

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Corporation (NYSE:XOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.