Ferguson Wellman Capital Management Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 63,487 shares of the oil and gas company’s stock after buying an additional 352 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Exxon Mobil were worth $6,809,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Stone House Investment Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $25,000. Dark Forest Capital Management LP purchased a new position in Exxon Mobil in the fourth quarter valued at approximately $27,000. KB Financial Partners LLC bought a new position in Exxon Mobil during the first quarter valued at $27,000. Artemis Wealth Advisors LLC bought a new stake in shares of Exxon Mobil in the first quarter valued at $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new position in shares of Exxon Mobil during the 1st quarter valued at $38,000. Institutional investors own 58.53% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on XOM shares. Redburn Partners raised Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $100.00 to $105.00 in a report on Thursday, August 31st. Wolfe Research lowered shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. StockNews.com initiated coverage on shares of Exxon Mobil in a report on Thursday, August 17th. They issued a “hold” rating for the company. HSBC boosted their target price on shares of Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. Finally, Piper Sandler cut their price target on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.78.
Insider Buying and Selling at Exxon Mobil
In related news, Director Jeffrey W. Ubben purchased 458,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other 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 value of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey W. Ubben bought 458,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.
Exxon Mobil Stock Performance
Shares of XOM stock opened at $117.69 on Tuesday. The company 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 50 day moving average price of $108.65 and a two-hundred day moving average price of $108.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92.
Exxon Mobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, July 28th. The oil and gas company reported $1.94 EPS 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 business had revenue of $82.91 billion for the quarter, compared to the consensus estimate of $81.80 billion. During the same quarter in the prior year, the company earned $4.14 EPS. Exxon Mobil’s revenue was down 28.3% compared to the same quarter last year. Analysts expect that Exxon Mobil Co. will post 8.94 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s payout ratio is presently 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.
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