Stanley Laman Group Ltd. Buys New Stake in Exxon Mobil Corporation $XOM

Key Points

• Stanley Laman Group Ltd. has acquired a new stake in Exxon Mobil Corporation, purchasing 2,759 shares valued at approximately $297,000 during the 2nd quarter.
• Exxon Mobil's market cap stands at about $478.35 billion, reflecting a strong presence with substantial price targets from analysts, including a target increase by UBS Group to $145.00.
• The company recently declared a quarterly dividend of $0.99 per share, indicating a 3.5% dividend yield and a payout ratio of 56.25%.

Stanley Laman Group Ltd. bought a new stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,759 shares of the oil and gas company's stock, valued at approximately $297,000.

Other large investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil in the 1st quarter valued at approximately $29,000. Elequin Capital LP acquired a new stake in Exxon Mobil in the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in Exxon Mobil by 396.7% in the 1st 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 period. Game Plan Financial Advisors LLC increased its position in Exxon Mobil by 1,500.0% in the 1st quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil in the 2nd quarter valued at approximately $38,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the subject of a number of research reports. UBS Group increased their price target on Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research note on Monday, October 13th. Mizuho decreased their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research note on Monday, September 15th. Morgan Stanley increased their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Melius initiated coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. Finally, TD Cowen increased their price target on Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.58.

Exxon Mobil Stock Performance

XOM opened at $112.20 on Monday. The firm has a market cap of $478.35 billion, a PE ratio of 15.94, a P/E/G ratio of 2.01 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $111.83 and a 200-day simple moving average of $109.16. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $123.21.

Exxon Mobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities analysts predict 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. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil's dividend payout ratio (DPR) is currently 56.25%.

Insider Buying and Selling at Exxon Mobil

In other 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 transaction 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 $1,527,413.05. This trade represents a 13.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

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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