Whelan Financial Acquires 214 Shares of Exxon Mobil Corporation $XOM

Whelan Financial increased its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 8.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,681 shares of the oil and gas company’s stock after purchasing an additional 214 shares during the period. Whelan Financial’s holdings in Exxon Mobil were worth $289,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in shares of Exxon Mobil during the first quarter valued at about $2,730,414,000. GQG Partners LLC increased its position in Exxon Mobil by 15,135.7% in the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after buying an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Exxon Mobil during the 2nd quarter worth approximately $607,621,000. Ameriprise Financial Inc. boosted its holdings in Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Exxon Mobil by 72.5% in the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after acquiring an additional 2,332,293 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. TD Cowen upped their target price on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Melius Research began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Piper Sandler boosted their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, August 18th. Mizuho dropped their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Finally, Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $125.00.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $113.25 on Monday. The company has a market capitalization of $482.81 billion, a PE ratio of 16.09, a PEG ratio of 2.06 and a beta of 0.51. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average price is $111.15 and its 200-day moving average price is $109.48. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

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.