Tcfg Wealth Management LLC Has $1.16 Million Holdings in Exxon Mobil Corporation $XOM

Tcfg Wealth Management LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 13.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,794 shares of the oil and gas company’s stock after buying an additional 1,248 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Exxon Mobil were worth $1,164,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XOM. Graybill Wealth Management LTD. acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil during the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC increased its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, 1248 Management LLC bought a new stake in Exxon Mobil in the first quarter worth approximately $40,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XOM shares. Bank of America lifted their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Piper Sandler set a $141.00 target price on Exxon Mobil in a report on Tuesday. Morgan Stanley lifted their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Mizuho lowered their target price on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.95.

Exxon Mobil Trading Down 1.0%

NYSE XOM opened at $112.90 on Friday. The company has a market cap of $481.32 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 2.06 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26. The business has a 50 day moving average price of $111.30 and a 200-day moving average price of $109.52.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same quarter in the prior year, the company posted $2.14 earnings per share. Exxon Mobil’s revenue was down 12.4% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

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.