Allied Investment Advisors LLC Buys 2,772 Shares of Exxon Mobil Corporation $XOM

Allied Investment Advisors LLC raised its position in Exxon Mobil Corporation (NYSE:XOM) by 2.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 118,095 shares of the oil and gas company’s stock after acquiring an additional 2,772 shares during the period. Exxon Mobil comprises 2.2% of Allied Investment Advisors LLC’s portfolio, making the stock its 16th biggest position. Allied Investment Advisors LLC’s holdings in Exxon Mobil were worth $12,731,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Graybill Wealth Management LTD. bought a new stake in shares of Exxon Mobil in the 1st quarter valued at about $29,000. Elequin Capital LP bought a new position in shares of Exxon Mobil during the first quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd increased its position in Exxon Mobil by 396.7% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the period. Game Plan Financial Advisors LLC increased its holdings in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 300 shares during the period. Finally, Marshall & Sullivan Inc. WA bought a new position in shares of Exxon Mobil during the second quarter worth approximately $38,000. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the sale, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Mizuho lowered their price objective 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. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a report on Tuesday, October 7th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price on the stock. Melius Research assumed 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. Finally, Barclays decreased their price objective on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.39 on Monday. The stock has a market cap of $491.94 billion, a PE ratio of 16.39, a PEG ratio of 2.05 and a beta of 0.51. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week 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 firm’s fifty day moving average price is $112.58 and its two-hundred day moving average price is $109.56.

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

Exxon Mobil Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s payout ratio is presently 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.