Intrua Financial LLC Has $8.40 Million Stock Holdings in Exxon Mobil Corporation $XOM

Intrua Financial LLC increased its position in Exxon Mobil Corporation (NYSE:XOM) by 4.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 70,655 shares of the oil and gas company’s stock after acquiring an additional 3,033 shares during the quarter. Exxon Mobil accounts for 1.2% of Intrua Financial LLC’s holdings, making the stock its 12th largest position. Intrua Financial LLC’s holdings in Exxon Mobil were worth $8,403,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. 10Elms LLP acquired a new position in shares of Exxon Mobil during the fourth quarter worth $25,000. Graybill Wealth Management LTD. bought a new position in Exxon Mobil during the 1st quarter worth $29,000. Elequin Capital LP acquired a new position in Exxon Mobil during the 1st quarter worth about $31,000. Capital A Wealth Management LLC acquired a new position in Exxon Mobil during the 4th quarter worth about $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of Exxon Mobil by 396.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction on Friday, August 22nd. The stock was 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 $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on XOM shares. Piper Sandler increased their target price on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Wall Street Zen cut shares of Exxon Mobil from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Barclays reissued a “hold” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. TD Cowen upped their price target on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Exxon Mobil in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $124.81.

Exxon Mobil Stock Up 1.6%

Shares of NYSE XOM opened at $112.45 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $479.39 billion, a PE ratio of 15.97, a P/E/G ratio of 2.06 and a beta of 0.57. The company’s fifty day simple moving average is $110.55 and its 200 day simple moving average is $109.13. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The company had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same quarter in the prior year, the firm earned $2.14 EPS. The business’s revenue was down 12.4% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 dividend yield of 3.5%. Exxon Mobil’s payout ratio is currently 56.25%.

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.