Wright Investors Service Inc. Purchases 3,502 Shares of Exxon Mobil Corporation $XOM

Key Points

• Wright Investors Service Inc. increased its stake in Exxon Mobil Corporation by 7.7%, acquiring an additional 3,502 shares and bringing its total holdings to 48,989 shares worth $5,281,000.
• Exxon Mobil's recent quarterly earnings exceeded analysts' expectations, reporting $1.64 EPS and revenue of $81.51 billion, although revenue declined by 12.4% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.99 per share, which represents an annualized dividend of $3.96 and a yield of 3.5%.

Wright Investors Service Inc. increased its position in Exxon Mobil Corporation (NYSE:XOM - Free Report) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,989 shares of the oil and gas company's stock after acquiring an additional 3,502 shares during the period. Exxon Mobil comprises about 1.6% of Wright Investors Service Inc.'s investment portfolio, making the stock its 15th biggest holding. Wright Investors Service Inc.'s holdings in Exxon Mobil were worth $5,281,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the first quarter worth $29,000. Elequin Capital LP bought a new stake in Exxon Mobil during the first quarter valued at about $31,000. Capital A Wealth Management LLC bought a new stake in Exxon Mobil during the fourth quarter valued at about $32,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 238 shares during the period. Finally, Game Plan Financial Advisors LLC grew its holdings in Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company's stock valued at $38,000 after purchasing an additional 300 shares during the period. Institutional investors own 61.80% of the company's stock.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company's 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 sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

NYSE:XOM opened at $112.82 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. 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 business's 50-day moving average is $110.54 and its 200 day moving average is $109.34. The company has a market capitalization of $480.98 billion, a P/E ratio of 16.03, a P/E/G ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating 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 business had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. During the same period in the prior year, the business posted $2.14 earnings per share. The company's quarterly revenue was down 12.4% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil's dividend payout ratio is 56.25%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company set a $127.00 price target on Exxon Mobil and gave the company an "overweight" rating in a report on Thursday, June 26th. Mizuho cut their price target on Exxon Mobil from $124.00 to $123.00 and set a "neutral" rating for the company in a report on Monday, September 15th. Morgan Stanley boosted their price target on Exxon Mobil from $134.00 to $135.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Melius Research assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. Finally, Wall Street Zen raised Exxon Mobil from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $124.76.

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.

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