Welch Group LLC Buys 8,259 Shares of Exxon Mobil Corporation $XOM

Key Points

• Welch Group LLC increased its stake in Exxon Mobil Corporation by 1.6%, owning a total of 535,498 shares valued at $57.7 million, making Exxon Mobil its 22nd largest holding.
• Exxon Mobil's recent quarterly earnings reported $0.65 EPS with revenue of $57.55 billion, while analysts predict the company will post 7.43 EPS for the current fiscal year.
• Several analysts have set varying price targets for Exxon Mobil, with UBS Group raising its target from $143 to $145 and maintaining a "buy" rating.

Welch Group LLC boosted its stake in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 535,498 shares of the oil and gas company's stock after purchasing an additional 8,259 shares during the period. Exxon Mobil comprises about 2.4% of Welch Group LLC's holdings, making the stock its 22nd largest holding. Welch Group LLC's holdings in Exxon Mobil were worth $57,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Journey Strategic Wealth LLC increased 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 acquiring an additional 1,379 shares during the period. Jones Financial Companies Lllp increased its position in Exxon Mobil by 52.3% in the 1st quarter. Jones Financial Companies Lllp now owns 382,989 shares of the oil and gas company's stock valued at $45,149,000 after acquiring an additional 131,600 shares during the period. Hartford Funds Management Co LLC increased its position in Exxon Mobil by 51.8% in the 1st quarter. Hartford Funds Management Co LLC now owns 7,665 shares of the oil and gas company's stock valued at $912,000 after acquiring an additional 2,617 shares during the period. Phoenix Financial Ltd. increased its position in Exxon Mobil by 23.9% in the 1st quarter. Phoenix Financial Ltd. now owns 97,050 shares of the oil and gas company's stock valued at $11,561,000 after acquiring an additional 18,752 shares during the period. Finally, SteelPeak Wealth LLC increased its position in Exxon Mobil by 24.2% in the 1st quarter. SteelPeak Wealth LLC now owns 38,721 shares of the oil and gas company's stock valued at $4,605,000 after acquiring an additional 7,543 shares during the period. Institutional investors own 61.80% of the company's stock.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the firm's 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 sale, the vice president directly 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research report on Tuesday, October 7th. Bank of America upped their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Mizuho decreased their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Exxon Mobil in a research report on Wednesday, October 8th. Finally, UBS Group increased their price objective on shares of Exxon Mobil from $143.00 to $145.00 and gave the stock a "buy" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.05.

Exxon Mobil Trading Down 0.5%

NYSE:XOM opened at $111.76 on Thursday. 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 stock has a market capitalization of $476.46 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 2.03 and a beta of 0.51. The firm has a fifty day simple moving average of $111.63 and a two-hundred day simple moving average of $109.36. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21.

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

Exxon Mobil Announces Dividend

The business 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 was Friday, August 15th. Exxon Mobil's dividend payout ratio (DPR) is presently 56.25%.

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.

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.