Prime Capital Investment Advisors LLC Has $31.44 Million Stake in Exxon Mobil Corporation $XOM

Prime Capital Investment Advisors LLC decreased its position in Exxon Mobil Corporation (NYSE:XOM) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 291,609 shares of the oil and gas company’s stock after selling 135,786 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Exxon Mobil were worth $31,435,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Capital Advisors Inc. OK grew its position in Exxon Mobil by 3.1% during the second quarter. Capital Advisors Inc. OK now owns 737,381 shares of the oil and gas company’s stock worth $79,490,000 after buying an additional 21,843 shares in the last quarter. Asset Planning Services Inc. LA ADV grew its position in Exxon Mobil by 1.2% during the second quarter. Asset Planning Services Inc. LA ADV now owns 51,265 shares of the oil and gas company’s stock worth $5,526,000 after buying an additional 585 shares in the last quarter. Euro Pacific Asset Management LLC grew its position in Exxon Mobil by 9.5% during the second quarter. Euro Pacific Asset Management LLC now owns 2,080 shares of the oil and gas company’s stock worth $209,000 after buying an additional 180 shares in the last quarter. Berkshire Money Management Inc. grew its position in Exxon Mobil by 1.9% during the second quarter. Berkshire Money Management Inc. now owns 13,989 shares of the oil and gas company’s stock worth $1,508,000 after buying an additional 261 shares in the last quarter. Finally, Confluence Wealth Services Inc. grew its position in Exxon Mobil by 1.9% during the second quarter. Confluence Wealth Services Inc. now owns 109,562 shares of the oil and gas company’s stock worth $11,811,000 after buying an additional 2,018 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XOM shares. Morgan Stanley upped their target price on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Bank of America upped their target price on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Barclays cut their target price on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday. Piper Sandler set a $141.00 target price on Exxon Mobil in a research note on Tuesday. Finally, Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $125.79.

Exxon Mobil Stock Down 0.2%

Shares of XOM opened at $114.08 on Thursday. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $124.26. The stock has a market capitalization of $486.35 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.07 and a beta of 0.51. 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 fifty day moving average of $111.28 and a 200-day moving average of $109.54.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The company had revenue of $81.51 billion during the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the prior year, the company earned $2.14 EPS. Exxon Mobil’s revenue was down 12.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’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 transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Exxon Mobil Company 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.