Trinity Legacy Partners LLC Buys 30,442 Shares of Exxon Mobil Corporation $XOM

Key Points

• Trinity Legacy Partners LLC increased its stake in Exxon Mobil by 185.6% in Q1, acquiring an additional 30,442 shares, bringing its total holdings to 46,847 shares valued at approximately $5.13 million.
• Exxon Mobil reported Q2 earnings of $1.64 per share, surpassing analyst expectations of $1.47, despite a 12.4% decline in revenue year-over-year.
• The company is set to pay a quarterly dividend of $0.99 per share on September 10th, with a current dividend yield of 3.6% and a payout ratio of 56.25%.

Trinity Legacy Partners LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 185.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,847 shares of the oil and gas company's stock after acquiring an additional 30,442 shares during the quarter. Exxon Mobil accounts for 1.3% of Trinity Legacy Partners LLC's portfolio, making the stock its 28th largest position. Trinity Legacy Partners LLC's holdings in Exxon Mobil were worth $5,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in XOM. Quantinno Capital Management LP raised its stake in shares of Exxon Mobil by 24.1% in the fourth quarter. Quantinno Capital Management LP now owns 570,158 shares of the oil and gas company's stock valued at $61,332,000 after acquiring an additional 110,772 shares during the last quarter. Accredited Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $55,000. Journey Strategic Wealth LLC raised its position in Exxon Mobil by 6.7% in the 1st quarter. Journey Strategic Wealth LLC now owns 21,929 shares of the oil and gas company's stock valued at $2,608,000 after purchasing an additional 1,379 shares during the last quarter. Legacy Trust boosted its stake in Exxon Mobil by 12.7% in the first quarter. Legacy Trust now owns 8,861 shares of the oil and gas company's stock worth $1,054,000 after purchasing an additional 997 shares in the last quarter. Finally, Hartford Funds Management Co LLC boosted its stake in Exxon Mobil by 51.8% in the first quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock worth $912,000 after purchasing an additional 2,617 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $111.1220 on Friday. The firm's 50 day moving average price is $110.24 and its two-hundred day moving average price is $108.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The stock has a market cap of $473.74 billion, a PE ratio of 15.78, a PEG ratio of 2.05 and a beta of 0.53.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating 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 company had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the previous year, the company posted $2.14 EPS. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. As a group, analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

Analysts Set New Price Targets

XOM has been the subject of a number of research reports. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an "overweight" rating in a research note on Thursday, June 26th. Melius Research started coverage on shares of Exxon Mobil in a research report on Wednesday. They issued a "hold" rating and a $111.00 price objective for the company. 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 research report on Monday, August 4th. Barclays reissued a "hold" rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Finally, Piper Sandler increased their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $125.00.

Exxon Mobil Company 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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