Thurston Springer Miller Herd & Titak Inc. Boosts Position in Exxon Mobil Corporation $XOM

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Exxon Mobil by 20.5%, owning 33,587 shares valued at approximately $3.62 million as of the end of the second quarter.
• Exxon Mobil reported a quarterly earnings of $1.64 EPS, surpassing the expected $1.47 EPS, with total revenue reaching $81.51 billion.
• The company declared a quarterly dividend of $0.99, leading to an annualized dividend yield of 3.5% and a payout ratio of 56.25%.

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 20.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 33,587 shares of the oil and gas company's stock after buying an additional 5,722 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Exxon Mobil were worth $3,621,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of XOM. Nuveen LLC purchased a new position in Exxon Mobil in the first quarter valued at approximately $2,730,414,000. GQG Partners LLC grew its position in Exxon Mobil by 15,135.7% in the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company's stock valued at $1,197,753,000 after acquiring an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC grew its position in Exxon Mobil by 14,242.7% in the first quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company's stock valued at $1,124,787,000 after acquiring an additional 9,391,614 shares in the last quarter. Ameriprise Financial Inc. grew its position in Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Finally, Amundi grew its position in Exxon Mobil by 9.7% in the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock valued at $2,966,598,000 after acquiring an additional 2,329,964 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

XOM has been the subject of several recent research reports. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Melius Research initiated coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Bank of America increased their price objective on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday. Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Finally, Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the stock an "overweight" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of "Hold" and an average target price of $124.81.

Exxon Mobil Stock Up 0.1%

XOM stock opened at $112.21 on Friday. The company has a market capitalization of $478.38 billion, a P/E ratio of 15.94, a PEG ratio of 2.05 and a beta of 0.57. The firm has a 50 day simple moving average of $110.55 and a 200-day simple moving average of $109.15. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

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

Exxon Mobil Dividend Announcement

The firm 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. 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 payout ratio is currently 56.25%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 owned 13,829 shares of the company's stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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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