Strong Tower Advisory Services Grows Holdings in Exxon Mobil Corporation $XOM

Key Points

• Strong Tower Advisory Services increased its stake in Exxon Mobil Corporation by 6.8% during the second quarter, now holding 65,472 shares valued at approximately $7.06 million.
• Exxon Mobil recently reported a quarterly earnings per share (EPS) of $0.65 and had a net revenue of $57.55 billion for the quarter ending June 17th.
• The company is currently trading at $112.11 with a market capitalization of $477.97 billion, and analysts have set an average price target of $126.05 with a consensus rating of "Moderate Buy".

Strong Tower Advisory Services grew its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,472 shares of the oil and gas company's stock after buying an additional 4,196 shares during the period. Exxon Mobil makes up about 1.4% of Strong Tower Advisory Services' holdings, making the stock its 23rd biggest holding. Strong Tower Advisory Services' holdings in Exxon Mobil were worth $7,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. JB Capital LLC grew its stake in Exxon Mobil by 1.1% in the 2nd quarter. JB Capital LLC now owns 25,248 shares of the oil and gas company's stock worth $2,722,000 after buying an additional 272 shares in the last quarter. Fourpath Capital Management LLC grew its stake in Exxon Mobil by 1.3% in the 2nd quarter. Fourpath Capital Management LLC now owns 176,584 shares of the oil and gas company's stock worth $19,036,000 after buying an additional 2,266 shares in the last quarter. Cascade Investment Group Inc. grew its stake in Exxon Mobil by 2.1% in the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company's stock worth $476,000 after buying an additional 93 shares in the last quarter. Costello Asset Management INC boosted its stake in shares of Exxon Mobil by 6.5% in the 2nd quarter. Costello Asset Management INC now owns 3,447 shares of the oil and gas company's stock valued at $372,000 after purchasing an additional 209 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its stake in shares of Exxon Mobil by 5.1% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 74,487 shares of the oil and gas company's stock valued at $8,030,000 after purchasing an additional 3,607 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Exxon Mobil Trading Up 1.2%

Shares of XOM opened at $112.11 on Tuesday. The stock has a market capitalization of $477.97 billion, a P/E ratio of 15.93, a PEG ratio of 2.00 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 firm has a fifty day simple moving average of $111.42 and a two-hundred day simple moving average of $109.32. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $124.26.

Exxon Mobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction 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 directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. TD Cowen upped their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. UBS Group upped their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a "buy" rating in a research note on Monday. Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Wells Fargo & Company set a $127.00 price objective on shares of Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Mizuho cut their price objective 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, September 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $126.05.

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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