Exxon Mobil Corporation $XOM is Pin Oak Investment Advisors Inc.’s 4th Largest Position

Pin Oak Investment Advisors Inc. boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,818 shares of the oil and gas company’s stock after purchasing an additional 3,375 shares during the period. Exxon Mobil makes up 3.9% of Pin Oak Investment Advisors Inc.’s holdings, making the stock its 4th biggest holding. Pin Oak Investment Advisors Inc.’s holdings in Exxon Mobil were worth $4,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Capital Management LLC increased its stake in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the last quarter. Brucke Financial Inc. increased its position in shares of Exxon Mobil by 2.1% during the 1st quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after purchasing an additional 142 shares during the last quarter. Bingham Private Wealth LLC raised its holdings in Exxon Mobil by 25.0% in the 1st quarter. Bingham Private Wealth LLC now owns 11,996 shares of the oil and gas company’s stock valued at $1,427,000 after buying an additional 2,398 shares during the period. Wealth Alliance LLC lifted its position in Exxon Mobil by 26.9% in the first quarter. Wealth Alliance LLC now owns 32,480 shares of the oil and gas company’s stock valued at $3,863,000 after buying an additional 6,886 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Exxon Mobil by 59.8% in the first quarter. Los Angeles Capital Management LLC now owns 232,039 shares of the oil and gas company’s stock valued at $27,596,000 after buying an additional 86,822 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Wells Fargo & Company assumed coverage on Exxon Mobil in a research report on Friday, October 17th. They issued an “overweight” rating and a $156.00 target price on the stock. UBS Group raised their price target on Exxon Mobil from $143.00 to $145.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Piper Sandler boosted their price objective on Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Finally, Melius assumed coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $128.67.

Insider Activity

In other 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $117.79 on Tuesday. The company has a fifty day simple moving average of $114.23 and a two-hundred day simple moving average of $110.77. The company has a market cap of $496.74 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week high of $123.21.

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 (EPS) for the quarter. The business 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%. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Friday, November 14th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a yield of 3.5%. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio is 59.88%.

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.