Aaron Wealth Advisors LLC Buys 103 Shares of Exxon Mobil Corporation $XOM

Aaron Wealth Advisors LLC increased its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,167 shares of the oil and gas company’s stock after acquiring an additional 103 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Exxon Mobil were worth $3,036,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Two Sigma Investments LP lifted its stake in shares of Exxon Mobil by 6.0% in the fourth quarter. Two Sigma Investments LP now owns 30,064 shares of the oil and gas company’s stock valued at $3,234,000 after buying an additional 1,698 shares in the last quarter. Twinbeech Capital LP bought a new position in shares of Exxon Mobil in the fourth quarter valued at $15,501,000. Virtus Investment Advisers Inc. bought a new position in shares of Exxon Mobil in the fourth quarter valued at $151,000. iSAM Funds UK Ltd bought a new position in shares of Exxon Mobil in the fourth quarter valued at $979,000. Finally, Woodline Partners LP bought a new position in shares of Exxon Mobil in the fourth quarter valued at $28,392,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on XOM shares. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday. Bank of America raised their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. UBS Group raised their price target on shares of Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Piper Sandler raised their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Finally, TD Cowen raised their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $124.76.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the business’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 transaction 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. The trade was 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 accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.64 on Wednesday. The company has a 50 day moving average of $110.59 and a 200 day moving average of $109.19. The stock has a market cap of $488.74 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.05 and a beta of 0.57. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12.

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

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a yield of 3.5%. Exxon Mobil’s payout ratio is currently 56.25%.

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.