St. Louis Financial Planners Asset Management LLC Has $2.86 Million Stake in Exxon Mobil Corporation $XOM

Key Points

• St. Louis Financial Planners Asset Management LLC increased its stake in Exxon Mobil Corporation by 10.9% in the second quarter, now holding a total of $2.86 million in shares, making it the firm's 13th largest holding.
• Exxon Mobil reported $1.64 earnings per share (EPS) for the latest quarter, exceeding analysts’ expectations, although revenue decreased by 12.4% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.99, yielding 3.5%, with a payout ratio of 56.25% as stated in their recent filings.

St. Louis Financial Planners Asset Management LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 10.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,523 shares of the oil and gas company's stock after buying an additional 2,597 shares during the quarter. Exxon Mobil comprises 2.2% of St. Louis Financial Planners Asset Management LLC's portfolio, making the stock its 13th biggest holding. St. Louis Financial Planners Asset Management LLC's holdings in Exxon Mobil were worth $2,859,000 as of its most recent SEC filing.

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

Exxon Mobil Stock Performance

NYSE:XOM opened at $114.64 on Wednesday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The firm has a 50 day moving average of $110.59 and a 200-day moving average of $109.19. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $488.74 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57.

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

Exxon Mobil Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on XOM shares. UBS Group raised their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Piper Sandler increased 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. Mizuho reduced their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Monday. Melius assumed coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 target price for the company. Finally, Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $124.76.

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.

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