Hourglass Capital LLC Increases Position in Exxon Mobil Corporation $XOM

Hourglass Capital LLC boosted its holdings in Exxon Mobil Corporation (NYSE:XOM) by 1.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,457 shares of the oil and gas company’s stock after purchasing an additional 575 shares during the quarter. Exxon Mobil comprises 1.5% of Hourglass Capital LLC’s portfolio, making the stock its 26th largest position. Hourglass Capital LLC’s holdings in Exxon Mobil were worth $5,870,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stableford Capital II LLC grew its holdings in Exxon Mobil by 1.8% in the second quarter. Stableford Capital II LLC now owns 35,592 shares of the oil and gas company’s stock worth $3,929,000 after purchasing an additional 616 shares during the period. Evernest Financial Advisors LLC grew its holdings in Exxon Mobil by 6.0% in the second quarter. Evernest Financial Advisors LLC now owns 6,894 shares of the oil and gas company’s stock worth $743,000 after purchasing an additional 390 shares during the period. Tower Wealth Partners Inc. grew its holdings in Exxon Mobil by 0.9% in the second quarter. Tower Wealth Partners Inc. now owns 16,562 shares of the oil and gas company’s stock worth $1,785,000 after purchasing an additional 146 shares during the period. Turtle Creek Wealth Advisors LLC grew its holdings in Exxon Mobil by 3.8% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 71,347 shares of the oil and gas company’s stock worth $7,691,000 after purchasing an additional 2,587 shares during the period. Finally, Tlwm grew its holdings in Exxon Mobil by 2.2% in the second quarter. Tlwm now owns 9,653 shares of the oil and gas company’s stock worth $1,041,000 after purchasing an additional 209 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.4%

Shares of Exxon Mobil stock opened at $112.20 on Friday. The company has a market cap of $478.34 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. The company’s 50 day moving average is $111.83 and its 200 day moving average is $109.19. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $123.21. 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 (NYSE:XOM) last issued its quarterly earnings data 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 net margin of 9.17% and a return on equity of 11.34%. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.5%. Exxon Mobil’s dividend payout ratio is 56.25%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Thursday, October 9th. Wells Fargo & Company assumed coverage on shares of Exxon Mobil in a report on Friday. They set an “overweight” rating and a $156.00 price target on the stock. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Finally, Melius Research assumed coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.58.

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.