Stonebrook Private Inc. Acquires 546 Shares of Exxon Mobil Corporation $XOM

Stonebrook Private Inc. raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 7.1% in the 2nd quarter, Holdings Channel reports. The firm owned 8,199 shares of the oil and gas company’s stock after acquiring an additional 546 shares during the period. Stonebrook Private Inc.’s holdings in Exxon Mobil were worth $884,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Eagle Capital Management LLC increased its holdings in shares of Exxon Mobil by 15.3% in the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares during the last quarter. Brucke Financial Inc. raised its stake in Exxon Mobil by 2.1% in the first quarter. Brucke Financial Inc. now owns 6,792 shares of the oil and gas company’s stock worth $808,000 after buying an additional 142 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of Exxon Mobil by 11.6% during the first quarter. GW&K Investment Management LLC now owns 3,797 shares of the oil and gas company’s stock worth $452,000 after purchasing an additional 395 shares in the last quarter. Obermeyer Wealth Partners grew its stake in Exxon Mobil by 17.2% during the 1st quarter. Obermeyer Wealth Partners now owns 175,508 shares of the oil and gas company’s stock valued at $20,873,000 after purchasing an additional 25,777 shares during the last quarter. Finally, Ignite Planners LLC raised its holdings in shares of Exxon Mobil by 8.6% during the first quarter. Ignite Planners LLC now owns 16,870 shares of the oil and gas company’s stock worth $2,006,000 after purchasing an additional 1,343 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Melius began coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price on the stock. Barclays dropped 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. Wells Fargo & Company initiated coverage on shares of Exxon Mobil in a research report on Friday, October 17th. They set an “overweight” rating and a $156.00 price target on the stock. UBS Group raised their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Finally, Piper Sandler increased their price objective on shares of Exxon Mobil from $141.00 to $144.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Two investment 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 company presently has an average rating of “Moderate Buy” and an average target price of $128.67.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $119.02 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $114.40 and a 200 day moving average price of $110.86. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The stock has a market cap of $501.91 billion, a P/E ratio of 16.91, a PEG ratio of 2.06 and a beta of 0.49.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The business 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%. Sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Increases Dividend

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

Exxon Mobil 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.