Valmark Advisers Inc. Acquires 3,839 Shares of Exxon Mobil Corporation $XOM

Key Points

• Valmark Advisers Inc. increased its stake in Exxon Mobil Corporation by 5.8%, acquiring an additional 3,839 shares and bringing its total holdings to 70,553 shares, valued at approximately $7.6 million.
• Exxon Mobil recently declared a quarterly dividend of $0.99 per share, translating to an annual dividend of $3.96 and a yield of 3.6%.
• The oil and gas company's stock has experienced significant trading activity, with major institutional investors like Bank of New York Mellon and Ameriprise Financial increasing their stakes in the first quarter.

Valmark Advisers Inc. lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,553 shares of the oil and gas company's stock after purchasing an additional 3,839 shares during the period. Valmark Advisers Inc.'s holdings in Exxon Mobil were worth $7,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in Exxon Mobil by 3.0% during the 1st 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 buying an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Exxon Mobil by 1.6% during the 1st 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 buying an additional 512,860 shares during the period. Ameriprise Financial Inc. raised its stake in Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company's stock worth $3,213,848,000 after buying an additional 2,639,797 shares during the period. Amundi raised its stake in Exxon Mobil by 9.7% during the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company's stock worth $2,966,598,000 after buying an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Exxon Mobil by 3.7% during the 1st 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 buying an additional 909,386 shares during the period. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $110.93 on Friday. 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 $472.94 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.04 and a beta of 0.51. The stock has a 50 day moving average of $111.32 and a 200 day moving average of $109.48. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $124.26.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Mizuho dropped their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a research note on Tuesday. Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Finally, Scotiabank reissued an "outperform" rating on shares of Exxon Mobil in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Exxon Mobil has an average rating of "Moderate Buy" and an average target price of $125.95.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.

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