Cambridge Capital Management LLC Acquires New Holdings in Exxon Mobil Corporation $XOM

Cambridge Capital Management LLC acquired a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,930 shares of the oil and gas company’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently bought and sold shares of the company. Principle Wealth Partners LLC grew its holdings in Exxon Mobil by 12.7% during the second quarter. Principle Wealth Partners LLC now owns 80,825 shares of the oil and gas company’s stock valued at $8,713,000 after purchasing an additional 9,097 shares during the period. LifeWealth Investments LLC grew its holdings in Exxon Mobil by 47.2% during the second quarter. LifeWealth Investments LLC now owns 6,858 shares of the oil and gas company’s stock valued at $739,000 after purchasing an additional 2,198 shares during the period. Granite Harbor Advisors Inc. boosted its holdings in shares of Exxon Mobil by 22.2% in the second quarter. Granite Harbor Advisors Inc. now owns 5,813 shares of the oil and gas company’s stock valued at $627,000 after buying an additional 1,057 shares during the period. RNC Capital Management LLC boosted its holdings in shares of Exxon Mobil by 0.9% in the second quarter. RNC Capital Management LLC now owns 94,010 shares of the oil and gas company’s stock valued at $10,134,000 after buying an additional 846 shares during the period. Finally, Ethic Inc. boosted its holdings in shares of Exxon Mobil by 11.3% in the second quarter. Ethic Inc. now owns 71,283 shares of the oil and gas company’s stock valued at $7,797,000 after buying an additional 7,240 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $115.39 on Friday. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $123.21. The firm has a fifty day simple moving average of $112.58 and a 200 day simple moving average of $109.48. The stock has a market capitalization of $491.94 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.06 and a beta of 0.51. 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 announced its earnings results on Friday, June 17th. The oil and gas company reported $0.65 EPS for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business had revenue of $57.55 billion during the quarter. Research analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors 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 yield of 3.4%. Exxon Mobil’s dividend payout ratio is presently 56.25%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction 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 in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Morgan Stanley upped their price target on shares of Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. UBS Group upped their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. 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 issued a “hold” rating and a $111.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.58.

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.