Lokken Investment Group LLC Purchases 1,180 Shares of Exxon Mobil Corporation $XOM

Lokken Investment Group LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,369 shares of the oil and gas company’s stock after acquiring an additional 1,180 shares during the period. Exxon Mobil comprises about 1.0% of Lokken Investment Group LLC’s portfolio, making the stock its 25th largest holding. Lokken Investment Group LLC’s holdings in Exxon Mobil were worth $2,627,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Axis Wealth Partners LLC raised its stake in Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock valued at $545,000 after acquiring an additional 90 shares during the period. Park Edge Advisors LLC lifted its stake in shares of Exxon Mobil by 0.3% during the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock worth $3,453,000 after buying an additional 91 shares during the last quarter. Willow Creek Wealth Management Inc. lifted its stake in shares of Exxon Mobil by 3.6% during the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after buying an additional 91 shares during the last quarter. Chapin Davis Inc. lifted its stake in shares of Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock worth $497,000 after buying an additional 93 shares during the last quarter. Finally, Gagnon Securities LLC lifted its stake in shares of Exxon Mobil by 1.3% during the 1st quarter. Gagnon Securities LLC now owns 7,235 shares of the oil and gas company’s stock worth $860,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other 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 value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $110.93 on Friday. The stock has a fifty day moving average price of $111.32 and a 200-day moving average price of $109.42. The company has a market cap of $472.94 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.00 and a beta of 0.51. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $124.26.

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

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a $0.99 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group boosted their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Melius Research started coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Exxon Mobil in a report on Thursday. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Finally, Morgan Stanley upped their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $125.95.

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.