Alhambra Investment Management LLC Grows Stock Holdings in Exxon Mobil Corporation $XOM

Alhambra Investment Management LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 3.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,018 shares of the oil and gas company’s stock after purchasing an additional 275 shares during the period. Alhambra Investment Management LLC’s holdings in Exxon Mobil were worth $972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Buttonwood Financial Advisors Inc. increased its position in shares of Exxon Mobil by 3.2% during the second quarter. Buttonwood Financial Advisors Inc. now owns 28,337 shares of the oil and gas company’s stock valued at $3,055,000 after acquiring an additional 876 shares in the last quarter. Northside Capital Management LLC increased its position in shares of Exxon Mobil by 105.8% during the second quarter. Northside Capital Management LLC now owns 16,037 shares of the oil and gas company’s stock valued at $1,729,000 after acquiring an additional 8,244 shares in the last quarter. IMS Capital Management bought a new stake in shares of Exxon Mobil during the second quarter valued at approximately $590,000. World Equity Group Inc. increased its position in shares of Exxon Mobil by 3.3% during the second quarter. World Equity Group Inc. now owns 25,871 shares of the oil and gas company’s stock valued at $2,789,000 after acquiring an additional 818 shares in the last quarter. Finally, tru Independence LLC increased its position in shares of Exxon Mobil by 49.3% during the second quarter. tru Independence LLC now owns 3,094 shares of the oil and gas company’s stock valued at $333,000 after acquiring an additional 1,022 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the subject of several analyst reports. Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Friday, July 11th. Wells Fargo & Company set a $127.00 price target on shares of Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. UBS Group lifted their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $125.00.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The shares were 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 $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Exxon Mobil Trading Up 0.5%

NYSE:XOM opened at $114.56 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a market cap of $488.40 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 2.08 and a beta of 0.57. The company has a 50 day simple moving average of $110.57 and a two-hundred day simple moving average of $109.44.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. 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.