Windle Wealth LLC Buys 4,052 Shares of Exxon Mobil Corporation $XOM

Key Points

• Windle Wealth LLC increased its stake in Exxon Mobil Corporation by 6.0% during the 2nd quarter, acquiring an additional 4,052 shares to bring its total ownership to 71,311 shares, valued at approximately $7.7 million.
• Exxon Mobil recently reported earnings of $0.65 per share for the last quarter, with a net margin of 9.17% and revenue of $57.55 billion.
• The company announced a quarterly dividend of $0.99 per share, representing an annualized dividend yield of 3.6% and a payout ratio of 56.25%.

Windle Wealth LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,311 shares of the oil and gas company's stock after buying an additional 4,052 shares during the quarter. Exxon Mobil makes up approximately 3.8% of Windle Wealth LLC's holdings, making the stock its 13th largest holding. Windle Wealth LLC's holdings in Exxon Mobil were worth $7,687,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of XOM. Bank of New York Mellon Corp grew its holdings in shares of Exxon Mobil by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company's stock valued at $5,390,318,000 after buying an additional 1,340,343 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company's stock valued at $3,850,167,000 after buying an additional 512,860 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of 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 buying an additional 2,639,797 shares during the period. Amundi lifted its position in Exxon Mobil by 9.7% in the 1st 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. Finally, Goldman Sachs Group Inc. lifted its position in Exxon Mobil by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company's stock valued at $3,028,968,000 after acquiring an additional 909,386 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $110.93 on Friday. The firm has a 50-day moving average of $111.32 and a 200-day moving average of $109.42. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $124.26. The company has a market cap of $472.94 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. As a group, equities 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil's payout ratio is presently 56.25%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target on the stock. Barclays decreased their price objective on Exxon Mobil from $127.00 to $126.00 and set an "overweight" rating for the company in a report on Tuesday. TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Scotiabank reaffirmed an "outperform" rating on shares of Exxon Mobil in a research report on Thursday. Finally, Melius Research started 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 on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $125.95.

Insider Buying and Selling at Exxon Mobil

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 transaction of $238,351.10. Following the completion of the transaction, the vice president directly 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 hyperlink. Insiders own 0.03% of the company's stock.

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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