Bruce G. Allen Investments LLC Reduces Stock Position in Exxon Mobil Corporation $XOM

Bruce G. Allen Investments LLC decreased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,548 shares of the oil and gas company’s stock after selling 99 shares during the quarter. Exxon Mobil comprises approximately 0.5% of Bruce G. Allen Investments LLC’s portfolio, making the stock its 25th biggest holding. Bruce G. Allen Investments LLC’s holdings in Exxon Mobil were worth $598,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Two Sigma Investments LP lifted its holdings in shares of Exxon Mobil by 6.0% in the fourth quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company’s stock worth $3,234,000 after buying an additional 1,698 shares in the last quarter. Woodline Partners LP bought a new stake in Exxon Mobil during the 4th quarter worth approximately $28,392,000. White Knight Strategic Wealth Advisors LLC lifted its stake in Exxon Mobil by 112.7% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 5,053 shares of the oil and gas company’s stock worth $544,000 after purchasing an additional 2,677 shares in the last quarter. NCM Capital Management LLC boosted its holdings in Exxon Mobil by 1.1% in the 4th quarter. NCM Capital Management LLC now owns 18,939 shares of the oil and gas company’s stock valued at $2,037,000 after purchasing an additional 211 shares during the period. Finally, Ames National Corp bought a new position in Exxon Mobil in the 4th quarter valued at $976,000. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

XOM opened at $115.12 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market capitalization of $490.79 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. The stock’s 50 day moving average price is $110.61 and its 200-day moving average price is $109.23. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating 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 business had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter in the previous year, the business posted $2.14 earnings per share. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Piper Sandler lifted their price target on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. UBS Group boosted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Bank of America raised their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Finally, TD Cowen boosted their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and an average target price of $124.76.

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.