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Balefire LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM – Free Report) by 101.2% in the second quarter, Holdings Channel.com reports. The firm owned 6,121 shares of the oil and gas company’s stock after acquiring an additional 3,079 shares during the period. Balefire LLC’s holdings in Exxon Mobil were worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. 10Elms LLP acquired a new stake in Exxon Mobil during the fourth quarter worth about $25,000. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the 1st quarter worth approximately $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil during the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Exxon Mobil by 396.7% in 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 in the last quarter. Finally, Capital A Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.
Insiders Place Their Bets
In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction that occurred 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 owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Melius began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. TD Cowen upped their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Piper Sandler raised their target price on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Finally, Bank of America upped their price target on Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $124.76.
View Our Latest Stock Report on XOM
Exxon Mobil Stock Up 0.4%
Shares of NYSE:XOM opened at $115.12 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The stock has a market cap of $490.79 billion, a price-to-earnings ratio of 16.35, a P/E/G ratio of 2.09 and a beta of 0.57. The company has a 50 day moving average of $110.61 and a 200-day moving average of $109.23. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $126.34.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced 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 net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period last year, the firm earned $2.14 earnings per share. The business’s revenue for the quarter was down 12.4% on a year-over-year basis. On average, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.
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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