Members Trust Co increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 39.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,205 shares of the oil and gas company’s stock after purchasing an additional 7,393 shares during the quarter. Exxon Mobil accounts for 0.1% of Members Trust Co’s holdings, making the stock its 21st largest holding. Members Trust Co’s holdings in Exxon Mobil were worth $2,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the stock. Axiom Financial Strategies LLC grew its stake in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil during the first quarter worth about $275,000. Loomis Sayles & Co. L P increased its position in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares in the last quarter. Ergoteles LLC lifted its holdings in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at about $237,000. Hedge funds and other institutional investors own 58.53% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on XOM. Piper Sandler lowered their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Truist Financial lowered their price target on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. HSBC upped their price objective on Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. UBS Group lifted their target price on Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price target on shares of Exxon Mobil in a research note on Wednesday, July 19th. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.78.
Exxon Mobil Stock Performance
Shares of XOM opened at $117.69 on Tuesday. The company has a 50-day moving average of $108.65 and a two-hundred day moving average of $108.49. The stock has a market cap of $471.14 billion, a P/E ratio of 9.42, a PEG ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.
Exxon Mobil (NYSE:XOM – Get Free Report) last posted 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). The company had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. Exxon Mobil’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same period in the previous year, the company posted $4.14 EPS. As a group, research analysts predict that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s payout ratio is 29.12%.
Insider Buying and Selling at Exxon Mobil
In related news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the transaction, the vice president now owns 27,772 shares of the company’s stock, valued at $3,193,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeffrey W. Ubben purchased 458,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction on 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 owned by insiders.
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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