Brookstone Capital Management Has $24.03 Million Position in Exxon Mobil Co. (NYSE:XOM)

Brookstone Capital Management raised its position in Exxon Mobil Co. (NYSE:XOM) by 10.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 232,916 shares of the oil and gas company’s stock after buying an additional 21,591 shares during the period. Brookstone Capital Management’s holdings in Exxon Mobil were worth $24,028,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new position in shares of Exxon Mobil in the 1st quarter worth $25,000. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $27,000. Dark Forest Capital Management LP bought a new position in Exxon Mobil during the 4th quarter worth approximately $27,000. Artemis Wealth Advisors LLC acquired a new position in Exxon Mobil during the first quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in Exxon Mobil in the first quarter worth $38,000. Institutional investors own 58.53% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $117.69 on Tuesday. The firm has a market capitalization of $471.14 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average price is $108.65 and its two-hundred day moving average price is $108.49. Exxon Mobil Co. has a 1 year low of $83.89 and a 1 year high of $119.92.

Exxon Mobil (NYSE:XOM) last issued its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The firm had revenue of $82.91 billion during the quarter, compared to the consensus estimate of $81.80 billion. During the same period in the previous year, the company posted $4.14 earnings per share. The firm’s revenue for the quarter was down 28.3% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post 8.94 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were given a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.09%. Exxon Mobil’s payout ratio is 29.12%.

Insider Transactions at Exxon Mobil

In related news, Director Jeffrey W. Ubben acquired 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the transaction, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Jeffrey W. Ubben bought 458,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the acquisition, the director now owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at approximately $3,193,780. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on XOM shares. StockNews.com began coverage on shares of Exxon Mobil in a research report on Thursday, August 17th. They issued a “hold” rating for the company. UBS Group raised their price target on Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Wednesday, July 19th. Morgan Stanley lifted their price target on shares of Exxon Mobil from $121.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Finally, Truist Financial lowered their price objective on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, July 24th. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.78.

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.