DiNuzzo Private Wealth Inc. Grows Position in Exxon Mobil Corporation $XOM

DiNuzzo Private Wealth Inc. grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,697 shares of the oil and gas company’s stock after purchasing an additional 311 shares during the quarter. DiNuzzo Private Wealth Inc.’s holdings in Exxon Mobil were worth $291,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in XOM. HBW Advisory Services LLC raised its holdings in shares of Exxon Mobil by 35.7% during the first quarter. HBW Advisory Services LLC now owns 4,512 shares of the oil and gas company’s stock valued at $537,000 after acquiring an additional 1,188 shares in the last quarter. CGN Advisors LLC raised its holdings in shares of Exxon Mobil by 47.3% during the first quarter. CGN Advisors LLC now owns 5,144 shares of the oil and gas company’s stock valued at $612,000 after acquiring an additional 1,652 shares in the last quarter. Apella Capital LLC raised its holdings in shares of Exxon Mobil by 34.8% during the first quarter. Apella Capital LLC now owns 24,770 shares of the oil and gas company’s stock valued at $2,946,000 after acquiring an additional 6,400 shares in the last quarter. TrueWealth Advisors LLC raised its holdings in shares of Exxon Mobil by 2.4% during the first quarter. TrueWealth Advisors LLC now owns 13,641 shares of the oil and gas company’s stock valued at $1,622,000 after acquiring an additional 317 shares in the last quarter. Finally, Accel Wealth Management raised its holdings in shares of Exxon Mobil by 6.8% during the first quarter. Accel Wealth Management now owns 6,616 shares of the oil and gas company’s stock valued at $787,000 after acquiring an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction on 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 in the company, valued at $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Exxon Mobil Price Performance

XOM opened at $112.04 on Thursday. The stock has a fifty day simple moving average of $111.09 and a two-hundred day simple moving average of $109.58. 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 market cap of $477.64 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 2.05 and a beta of 0.51. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. During the same period last year, the company earned $2.14 earnings per share. The company’s revenue was down 12.4% on a year-over-year basis. Research analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were issued a dividend of $0.99 per share. The ex-dividend date was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is presently 56.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company set a $127.00 target price on Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Scotiabank restated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Melius Research initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Piper Sandler increased their price objective on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Finally, Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and an average target price of $125.00.

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.