Beech Hill Advisors Inc. Buys Shares of 4,925 Exxon Mobil Co. (NYSE:XOM)

Beech Hill Advisors Inc. bought a new stake in Exxon Mobil Co. (NYSE:XOM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,925 shares of the oil and gas company’s stock, valued at approximately $528,000.

Other large investors have also recently bought and sold shares of the company. Axiom Financial Strategies LLC increased its position 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 acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc acquired a new position in Exxon Mobil during the first quarter worth $275,000. Loomis Sayles & Co. L P boosted its holdings in 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 during the last quarter. Ergoteles LLC boosted its holdings in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new position in Exxon Mobil during the first quarter worth $237,000. Institutional investors own 58.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on XOM. HSBC increased their target price on shares of Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, August 17th. They issued a “hold” rating for the company. UBS Group increased their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a research note on Thursday, August 17th. Truist Financial cut their price target on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, July 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Wednesday, July 19th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $123.78.

Insider Activity

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

Exxon Mobil Price Performance

XOM stock opened at $117.69 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92. The firm has a market cap 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. The company’s 50-day moving average price is $108.65 and its two-hundred day moving average price is $108.49.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share 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 company had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. During the same quarter in the previous year, the business posted $4.14 earnings per share. The company’s revenue for the quarter was down 28.3% on a year-over-year basis. On average, analysts anticipate that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were paid 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 currently 29.12%.

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.