Three Bridge Wealth Advisors LLC Buys Shares of 3,748 Exxon Mobil Corporation $XOM

Three Bridge Wealth Advisors LLC bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,748 shares of the oil and gas company's stock, valued at approximately $404,000.

Several other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock worth $3,850,167,000 after acquiring an additional 512,860 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares during the last quarter. Amundi grew its position in shares of Exxon Mobil by 9.7% during the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after acquiring an additional 2,329,964 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Exxon Mobil by 3.7% during the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock worth $3,028,968,000 after acquiring an additional 909,386 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.19 on Wednesday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $124.26. 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 company has a market capitalization of $486.82 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.08 and a beta of 0.51. The firm has a 50-day moving average of $111.23 and a two-hundred day moving average of $109.50.

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 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 the consensus estimate of $79.07 billion. During the same period in the prior year, the company earned $2.14 EPS. Exxon Mobil's revenue was down 12.4% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

Wall Street Analyst Weigh In

XOM has been the subject of several research analyst reports. UBS Group upped their price objective on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Melius Research initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a report on Friday, July 11th. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a report on Tuesday. Finally, Melius initiated coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $124.75.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company's stock.

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.