Financial Strategies Group Inc. Acquires 6,123 Shares of Exxon Mobil Corporation $XOM

Financial Strategies Group Inc. raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 11.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,557 shares of the oil and gas company’s stock after acquiring an additional 6,123 shares during the quarter. Exxon Mobil makes up approximately 1.7% of Financial Strategies Group Inc.’s holdings, making the stock its 19th biggest position. Financial Strategies Group Inc.’s holdings in Exxon Mobil were worth $7,083,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Coordinated Financial Services Inc. CO acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at approximately $531,000. Talon Private Wealth LLC boosted its holdings in shares of Exxon Mobil by 697.1% in the 1st quarter. Talon Private Wealth LLC now owns 24,965 shares of the oil and gas company’s stock valued at $2,939,000 after buying an additional 21,833 shares during the last quarter. Tamar Securities LLC boosted its holdings in shares of Exxon Mobil by 1.9% in the 1st quarter. Tamar Securities LLC now owns 161,640 shares of the oil and gas company’s stock valued at $19,224,000 after buying an additional 3,064 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Exxon Mobil by 5.9% in the 1st quarter. UniSuper Management Pty Ltd now owns 254,595 shares of the oil and gas company’s stock valued at $30,279,000 after buying an additional 14,200 shares during the last quarter. Finally, Rise Advisors LLC boosted its holdings in shares of Exxon Mobil by 3.7% in the 1st quarter. Rise Advisors LLC now owns 10,535 shares of the oil and gas company’s stock valued at $1,253,000 after buying an additional 379 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total transaction of $238,351.10. Following the completion of the sale, the vice president owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Trading Down 2.8%

Shares of Exxon Mobil stock opened at $109.23 on Friday. The business has a fifty day simple moving average of $110.45 and a two-hundred day simple moving average of $109.12. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34. The company has a market capitalization of $465.66 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 2.04 and a beta of 0.57. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on XOM. Melius Research began coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. UBS Group increased their price objective on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Morgan Stanley increased their price objective on Exxon Mobil from $134.00 to $135.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Exxon Mobil has a consensus rating of “Hold” and an average target price of $125.00.

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.