Exxon Mobil Co. (NYSE:XOM) Shares Bought by CRA Financial Services LLC

CRA Financial Services LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,387 shares of the oil and gas company’s stock after acquiring an additional 619 shares during the quarter. Exxon Mobil makes up about 1.0% of CRA Financial Services LLC’s holdings, making the stock its 22nd largest holding. CRA Financial Services LLC’s holdings in Exxon Mobil were worth $3,795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Monterey Private Wealth Inc. grew its stake in Exxon Mobil by 12.1% during the 2nd quarter. Monterey Private Wealth Inc. now owns 24,112 shares of the oil and gas company’s stock valued at $2,586,000 after acquiring an additional 2,606 shares in the last quarter. Members Trust Co boosted its holdings in shares of Exxon Mobil by 39.3% during the 2nd quarter. Members Trust Co now owns 26,205 shares of the oil and gas company’s stock worth $2,890,000 after purchasing an additional 7,393 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of Exxon Mobil by 10.2% in the second quarter. Brookstone Capital Management now owns 232,916 shares of the oil and gas company’s stock valued at $24,028,000 after purchasing an additional 21,591 shares during the last quarter. Kathmere Capital Management LLC lifted its position in Exxon Mobil by 3.2% during the second quarter. Kathmere Capital Management LLC now owns 23,655 shares of the oil and gas company’s stock worth $2,537,000 after buying an additional 724 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in Exxon Mobil by 6.2% during the second quarter. Flagship Harbor Advisors LLC now owns 37,426 shares of the oil and gas company’s stock worth $4,014,000 after buying an additional 2,176 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $117.69 on Tuesday. The business’s 50-day moving average is $108.65 and its two-hundred day moving average is $108.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. The firm has a market capitalization of $471.14 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.61 and a beta of 1.08. 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 quarterly 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 return on equity of 25.82% and a net margin of 13.72%. The firm had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. During the same quarter in the prior year, the firm earned $4.14 EPS. The firm’s revenue was down 28.3% compared to the same quarter last year. Analysts anticipate that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued 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 dividend payout ratio (DPR) is presently 29.12%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, Director Jeffrey W. Ubben acquired 458,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were acquired at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the acquisition, the director now 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 at the SEC website. In other news, VP Darrin L. Talley sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the purchase, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. StockNews.com assumed coverage on shares of Exxon Mobil in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Wednesday, July 19th. Truist Financial decreased their price objective on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, July 24th. Finally, Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating and raised their target price for the stock from $100.00 to $105.00 in a research note on Thursday, August 31st. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.78.

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.