CapWealth Advisors LLC Buys 1,029 Shares of Exxon Mobil Corporation $XOM

CapWealth Advisors LLC boosted its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,830 shares of the oil and gas company’s stock after buying an additional 1,029 shares during the quarter. CapWealth Advisors LLC’s holdings in Exxon Mobil were worth $2,245,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in XOM. Nuveen LLC bought a new position in Exxon Mobil during the first quarter valued at about $2,730,414,000. GQG Partners LLC grew its position in Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after buying an additional 10,004,975 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Exxon Mobil during the second quarter valued at about $607,621,000. Ameriprise Financial Inc. grew its position in Exxon Mobil by 10.8% during the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after buying an additional 2,639,797 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Exxon Mobil by 72.5% during the second quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after purchasing an additional 2,332,293 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Exxon Mobil Trading Up 0.4%

Shares of Exxon Mobil stock opened at $112.68 on Tuesday. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21. The company has a market cap of $480.38 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.01 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. The company’s 50-day moving average price is $111.97 and its 200-day moving average price is $109.22.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The firm had revenue of $57.55 billion for the quarter. On average, equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on XOM. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Barclays cut their price objective 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. Melius began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Mizuho cut their price objective on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a report on Monday, September 15th. Finally, TD Cowen raised their price objective on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $127.58.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the company’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 value of $238,351.10. Following the transaction, the vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.