Exxon Mobil Corporation $XOM Shares Bought by LMG Wealth Partners LLC

LMG Wealth Partners LLC raised its stake in Exxon Mobil Corporation (NYSE:XOM) by 1.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 61,134 shares of the oil and gas company’s stock after buying an additional 785 shares during the period. Exxon Mobil accounts for approximately 1.4% of LMG Wealth Partners LLC’s investment portfolio, making the stock its 23rd largest position. LMG Wealth Partners LLC’s holdings in Exxon Mobil were worth $6,590,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Exxon Mobil by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 79,522 shares of the oil and gas company’s stock valued at $9,458,000 after purchasing an additional 13,582 shares during the last quarter. Eagle Capital Management LLC raised its position in shares of Exxon Mobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares during the period. Ironwood Wealth Management LLC. purchased a new stake in shares of Exxon Mobil during the 1st quarter valued at approximately $200,000. Brucke Financial Inc. lifted its holdings 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 valued at $808,000 after acquiring an additional 142 shares during the last quarter. Finally, LVZ Inc. grew its position in Exxon Mobil by 2.2% in the first quarter. LVZ Inc. now owns 7,100 shares of the oil and gas company’s stock worth $844,000 after acquiring an additional 154 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 brokerages recently issued reports on XOM. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective for the company. Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Wells Fargo & Company started 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 for the company. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a research note on Tuesday, October 7th. Finally, Morgan Stanley upped their price objective on shares of Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.58.

Exxon Mobil Stock Performance

NYSE XOM opened at $112.72 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The company has a market cap of $480.55 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.02 and a beta of 0.51. The stock has a 50-day moving average of $112.10 and a two-hundred day moving average of $109.25. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results 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 net margin of 9.17% and a return on equity of 11.34%. As a group, analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

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.