Adams Asset Advisors LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Adams Asset Advisors LLC acquired a new position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 12,756 shares of the oil and gas company’s stock, valued at approximately $1,092,000.

Several other large investors also recently bought and sold shares of the company. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at approximately $38,000. GW&K Investment Management LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at approximately $32,000. Marshall & Sullivan Inc. WA purchased a new stake in shares of Exxon Mobil in the second quarter valued at approximately $38,000. GoalVest Advisory LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at approximately $38,000. Finally, Dravo Bay LLC purchased a new stake in shares of Exxon Mobil in the first quarter valued at approximately $38,000. 56.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays upped their price target on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. HSBC upped their price objective on Exxon Mobil from $92.50 to $97.50 and gave the company a “hold” rating in a report on Wednesday, July 20th. Morgan Stanley upped their price objective on Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, September 6th. Evercore ISI upgraded Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Bank of America upped their price objective on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Hold” and a consensus target price of $96.69.

Exxon Mobil Stock Down 0.4 %

Shares of NYSE XOM opened at $90.57 on Friday. The stock has a market cap of $377.46 billion, a P/E ratio of 9.91, a PEG ratio of 0.31 and a beta of 1.07. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Exxon Mobil Co. has a 12-month low of $55.28 and a 12-month high of $105.57. The business’s fifty day simple moving average is $93.05 and its 200-day simple moving average is $89.79.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.40. The business had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The company’s revenue for the quarter was up 70.8% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 12th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, August 11th. Exxon Mobil’s payout ratio is currently 38.51%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey W. Ubben bought 960,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $88.51 per share, for a total transaction of $84,969,600.00. Following the acquisition, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Exxon Mobil Profile

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

See Also

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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