Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC grew its position in shares of Exxon Mobil Co. (NYSE:XOM) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 186,798 shares of the oil and gas company’s stock after acquiring an additional 15,657 shares during the quarter. Capital Investment Advisors LLC’s holdings in Exxon Mobil were worth $20,034,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of XOM. Moneta Group Investment Advisors LLC boosted its position in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after buying an additional 123,254,064 shares during the period. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter valued at $5,226,390,000. Price T Rowe Associates Inc. MD boosted its position in Exxon Mobil by 16.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock worth $5,218,954,000 after acquiring an additional 6,580,247 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Exxon Mobil by 188.6% in the first quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock worth $327,573,000 after purchasing an additional 5,711,599 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after purchasing an additional 5,566,797 shares during the period. Institutional investors own 58.53% of the company’s stock.

Exxon Mobil Price Performance

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 PEG ratio of 0.61 and a beta of 1.08. The stock has a fifty day moving average of $108.65 and a 200-day moving average of $108.49. 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.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. During the same period in the prior year, the company posted $4.14 earnings per share. The firm’s revenue was down 28.3% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders 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 annualized dividend and a yield of 3.09%. Exxon Mobil’s dividend payout ratio is presently 29.12%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wolfe Research downgraded shares of 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. Piper Sandler decreased their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Truist Financial lowered their price objective on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, July 24th. StockNews.com started coverage on Exxon Mobil in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, HSBC lifted their price target on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.78.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 1,500 shares of the business’s 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 transaction, 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 is available at this hyperlink. In other news, Director Jeffrey W. Ubben purchased 458,000 shares of Exxon Mobil stock in a transaction dated Monday, July 31st. The stock was acquired at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was 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 disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

About Exxon Mobil

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.