TD Private Client Wealth LLC Buys 11,946 Shares of Exxon Mobil Corporation $XOM

Key Points

• TD Private Client Wealth LLC increased its stake in Exxon Mobil Corporation by 23.0%, acquiring an additional 11,946 shares, bringing their total to 63,946 shares valued at approximately $6,893,000.
• Exxon Mobil recently reported earnings per share of $1.64 for the quarter, beating the consensus estimate, with revenue of $81.51 billion, despite a 12.4% year-over-year decline.
• The company announced a quarterly dividend of $0.99 per share, with an annualized yield of 3.4%, and currently maintains a dividend payout ratio of 56.25%.

TD Private Client Wealth LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 23.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,946 shares of the oil and gas company's stock after acquiring an additional 11,946 shares during the quarter. TD Private Client Wealth LLC's holdings in Exxon Mobil were worth $6,893,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil in the 1st quarter valued at $29,000. Elequin Capital LP bought a new stake in Exxon Mobil in the 1st quarter valued at $31,000. Clal Insurance Enterprises Holdings Ltd increased its holdings 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 buying an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its holdings 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 buying an additional 300 shares during the period. Finally, 1248 Management LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $40,000. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Up 1.0%

Shares of NYSE XOM opened at $115.65 on Friday. The firm's 50-day simple moving average is $110.65 and its 200 day simple moving average is $109.46. The company has a market cap of $493.04 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 2.09 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 Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the prior year, the company earned $2.14 EPS. The firm's quarterly revenue was down 12.4% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. 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 dividend payout ratio is presently 56.25%.

Insider Transactions at Exxon Mobil

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 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of several analyst reports. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Piper Sandler upped their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Finally, Morgan Stanley upped their target price on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $125.00.

About Exxon Mobil

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.

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.