Brookstone Capital Management raised its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,916 shares of the oil and gas company’s stock after purchasing an additional 21,591 shares during the period. Brookstone Capital Management’s holdings in Exxon Mobil were worth $24,028,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Stone House Investment Management LLC purchased a new position in Exxon Mobil during the first quarter worth about $25,000. Dark Forest Capital Management LP bought a new stake in Exxon Mobil during the fourth quarter worth about $27,000. KB Financial Partners LLC purchased a new position in shares of Exxon Mobil in the 1st quarter worth about $27,000. Artemis Wealth Advisors LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at about $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at about $38,000. Institutional investors own 58.53% of the company’s stock.
Exxon Mobil Stock Up 0.8 %
NYSE:XOM opened at $117.69 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. 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. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92. The firm has a 50-day simple moving average of $108.65 and a two-hundred day simple moving average of $108.49.
Exxon Mobil Dividend Announcement
The business 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 is currently 29.12%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on XOM. Mizuho boosted their price objective on shares of Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley boosted their target price on Exxon Mobil from $121.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. HSBC raised their price target on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. StockNews.com assumed coverage on Exxon Mobil in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Wednesday, July 19th. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus price target of $123.78.
Read Our Latest Report on Exxon Mobil
Insiders Place Their Bets
In other news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction 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 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 document filed with the SEC, which is accessible through this link. In other Exxon Mobil news, Director Jeffrey W. Ubben acquired 458,000 shares of the stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the purchase, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 1,500 shares of the company’s 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 of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.
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.
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