Park Place Capital Corp Boosts Stock Position in Exxon Mobil Corporation $XOM

Park Place Capital Corp grew its stake in Exxon Mobil Corporation (NYSE:XOM) by 39.5% in the second quarter, Holdings Channel.com reports. The firm owned 19,409 shares of the oil and gas company’s stock after acquiring an additional 5,493 shares during the quarter. Park Place Capital Corp’s holdings in Exxon Mobil were worth $2,120,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new position in Exxon Mobil in the first quarter valued at approximately $29,000. Elequin Capital LP acquired a new position in Exxon Mobil in the first quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Exxon Mobil by 396.7% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC lifted its holdings in Exxon Mobil by 1,500.0% in the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after acquiring an additional 300 shares during the last quarter. Finally, 1248 Management LLC acquired a new position in Exxon Mobil in the first quarter valued at approximately $40,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. UBS Group upped their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. TD Cowen upped their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a research note on Friday, July 11th. Mizuho decreased their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Finally, Piper Sandler upped their price target on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $125.00.

Exxon Mobil Stock Down 0.6%

Shares of NYSE XOM opened at $112.04 on Thursday. The stock has a market cap of $477.64 billion, a P/E ratio of 15.91, a PEG ratio of 2.05 and a beta of 0.51. 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 business’s fifty day simple moving average is $111.09 and its 200-day simple moving average is $109.58.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.34% and a net margin of 9.17%.The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period last year, the firm earned $2.14 earnings per share. As a group, equities analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were paid a $0.99 dividend. 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 presently 56.25%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale 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.

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.