Ashton Thomas Private Wealth LLC Grows Stake in Exxon Mobil Corporation $XOM

Ashton Thomas Private Wealth LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,798 shares of the oil and gas company’s stock after purchasing an additional 1,872 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Exxon Mobil were worth $14,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC raised its holdings in Exxon Mobil by 57.0% during the 1st quarter. Kestra Investment Management LLC now owns 35,088 shares of the oil and gas company’s stock valued at $4,173,000 after buying an additional 12,733 shares during the period. Resources Management Corp CT ADV boosted its stake in Exxon Mobil by 2.8% during the first quarter. Resources Management Corp CT ADV now owns 57,717 shares of the oil and gas company’s stock worth $6,864,000 after buying an additional 1,554 shares during the period. Knightsbridge Asset Management LLC increased its position in Exxon Mobil by 40.6% during the first quarter. Knightsbridge Asset Management LLC now owns 3,424 shares of the oil and gas company’s stock valued at $407,000 after acquiring an additional 988 shares during the last quarter. Cape Investment Advisory Inc. raised its stake in shares of Exxon Mobil by 7.8% in the first quarter. Cape Investment Advisory Inc. now owns 4,476 shares of the oil and gas company’s stock valued at $532,000 after acquiring an additional 325 shares during the period. Finally, Financial Strategies Group Inc. raised its stake in shares of Exxon Mobil by 11.5% in the first quarter. Financial Strategies Group Inc. now owns 59,557 shares of the oil and gas company’s stock valued at $7,083,000 after acquiring an additional 6,123 shares during the period. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. UBS Group lifted their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Piper Sandler raised their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Finally, Melius assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and a consensus target price of $125.00.

Insider Buying and Selling 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 directly owned 13,829 shares in the company, valued at $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Shares of XOM stock opened at $109.23 on Monday. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $110.45 and a two-hundred day simple moving average of $109.10. The stock has a market capitalization of $465.66 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 2.04 and a beta of 0.57.

Exxon Mobil (NYSE:XOM) last issued its 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 net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the prior year, the business earned $2.14 EPS. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. On average, analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a $0.99 dividend. The ex-dividend date is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.