Garde Capital Inc. Raises Stock Position in Exxon Mobil Corporation $XOM

Garde Capital Inc. lifted its position in Exxon Mobil Corporation (NYSE:XOM) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,855 shares of the oil and gas company’s stock after purchasing an additional 107 shares during the quarter. Garde Capital Inc.’s holdings in Exxon Mobil were worth $523,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. grew its holdings in shares of Exxon Mobil by 300.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,261 shares of the oil and gas company’s stock worth $1,534,000 after purchasing an additional 10,697 shares in the last quarter. Redwood Investment Management LLC lifted its position in Exxon Mobil by 31.5% during the fourth quarter. Redwood Investment Management LLC now owns 11,156 shares of the oil and gas company’s stock valued at $1,200,000 after purchasing an additional 2,672 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Exxon Mobil in the 4th quarter worth approximately $1,138,000. Sender Co & Partners Inc. bought a new position in shares of Exxon Mobil in the 4th quarter worth $2,195,000. Finally, Scissortail Wealth Management LLC increased its holdings in shares of Exxon Mobil by 34,106.3% in the 4th quarter. Scissortail Wealth Management LLC now owns 5,473 shares of the oil and gas company’s stock worth $586,000 after buying an additional 5,457 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the company’s stock in a transaction dated 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 directly owned 13,829 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of NYSE:XOM opened at $112.21 on Friday. The company has a market cap of $478.38 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.57. The company has a 50-day moving average price of $110.55 and a 200-day moving average price of $109.15. 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 Corporation has a 12 month low of $97.80 and a 12 month high of $126.34.

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 firm had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.14 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. Piper Sandler increased their price objective on Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Melius Research began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price for the company. Finally, Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $124.81.

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.