BG Investment Services Inc. Takes Position in Exxon Mobil Corporation $XOM

BG Investment Services Inc. bought a new stake in Exxon Mobil Corporation (NYSE:XOM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,041 shares of the oil and gas company’s stock, valued at approximately $220,000.

A number of other large investors also recently made changes to their positions in the business. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $29,000. Elequin Capital LP bought a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares in the last quarter. Game Plan Financial Advisors LLC lifted its stake in shares of 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 worth $38,000 after buying an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA bought a new position in Exxon Mobil in the 2nd quarter worth $38,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on XOM shares. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research report on Thursday, October 9th. Piper Sandler set a $141.00 price objective on Exxon Mobil in a report on Tuesday, October 7th. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Finally, UBS Group raised their target price on Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $127.58.

Insiders Place Their Bets

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 stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $114.64 on Thursday. The firm has a market cap of $488.72 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. 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 business has a fifty day moving average of $112.24 and a 200-day moving average of $109.29.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. On average, equities research analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were issued 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 payout ratio is currently 56.25%.

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.