Caliber Wealth Management LLC KS Has $2.21 Million Position in Exxon Mobil Corporation $XOM

Caliber Wealth Management LLC KS lifted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,533 shares of the oil and gas company’s stock after acquiring an additional 1,690 shares during the period. Caliber Wealth Management LLC KS’s holdings in Exxon Mobil were worth $2,213,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. BlueChip Wealth Advisors LLC lifted its position in shares of Exxon Mobil by 3.8% during the 2nd quarter. BlueChip Wealth Advisors LLC now owns 3,787 shares of the oil and gas company’s stock valued at $408,000 after acquiring an additional 137 shares during the period. Dudley Capital Management LLC raised its holdings in Exxon Mobil by 0.3% during the second quarter. Dudley Capital Management LLC now owns 44,800 shares of the oil and gas company’s stock worth $4,829,000 after buying an additional 153 shares during the last quarter. Pacific Heights Asset Management LLC raised its holdings in Exxon Mobil by 14.3% during the second quarter. Pacific Heights Asset Management LLC now owns 200,000 shares of the oil and gas company’s stock worth $21,560,000 after buying an additional 25,000 shares during the last quarter. Benin Management CORP raised its holdings in Exxon Mobil by 2.8% during the second quarter. Benin Management CORP now owns 41,801 shares of the oil and gas company’s stock worth $4,506,000 after buying an additional 1,147 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. raised its holdings in Exxon Mobil by 17.5% during the second quarter. Cookson Peirce & Co. Inc. now owns 3,465 shares of the oil and gas company’s stock worth $374,000 after buying an additional 516 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on XOM shares. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Barclays lowered their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Mizuho lowered their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Piper Sandler set a $141.00 price objective on shares of Exxon Mobil in a report on Tuesday, October 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $127.58.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.78 on Friday. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $123.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market cap of $493.58 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.03 and a beta of 0.51. The company has a fifty day moving average price of $112.41 and a 200-day moving average price of $109.38.

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

Exxon Mobil Announces Dividend

The business also recently declared 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. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.4%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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 owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

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.