Vanguard Capital Wealth Advisors Increases Holdings in Exxon Mobil Corporation $XOM

Key Points

• Vanguard Capital Wealth Advisors increased its holdings in Exxon Mobil by 114.8%, acquiring 3,508 shares, bringing their total to 6,564 shares valued at approximately $708,000.
• Exxon Mobil reported $1.64 EPS for the quarter, exceeding analysts' expectations of $1.47, while experiencing a 12.4% revenue decline compared to the same quarter last year.
• The company recently declared a quarterly dividend payout of $0.99 per share, resulting in an annualized yield of 3.5% with a payout ratio of 56.25%.

Vanguard Capital Wealth Advisors grew its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 114.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,564 shares of the oil and gas company's stock after purchasing an additional 3,508 shares during the quarter. Vanguard Capital Wealth Advisors' holdings in Exxon Mobil were worth $708,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Graybill Wealth Management LTD. bought a new stake in Exxon Mobil during the 1st quarter valued at $29,000. Elequin Capital LP purchased a new stake in Exxon Mobil in the first quarter worth about $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $32,000. Clal Insurance Enterprises Holdings Ltd boosted 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 worth $35,000 after buying an additional 238 shares during the period. Finally, Game Plan Financial Advisors LLC raised its holdings in Exxon Mobil by 1,500.0% during 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. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm'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 completion of the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Piper Sandler lifted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price objective for the company. Wall Street Zen raised shares of Exxon Mobil from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. Scotiabank restated an "outperform" rating on shares of Exxon Mobil in a research report on Friday, July 11th. Finally, 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. One 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $124.76.

Exxon Mobil Price Performance

Shares of XOM stock traded down $0.77 during trading hours on Monday, hitting $112.05. The company had a trading volume of 15,599,735 shares, compared to its average volume of 14,867,029. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The firm has a market capitalization of $477.70 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 2.06 and a beta of 0.57. The firm's fifty day moving average is $110.50 and its 200 day moving average is $109.37. 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 released its earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion during the quarter, compared to analysts' expectations of $79.07 billion. During the same quarter in the prior year, the company earned $2.14 EPS. The company's revenue was down 12.4% on a year-over-year basis. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced 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 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's payout ratio is presently 56.25%.

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.