Salomon & Ludwin LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Salomon & Ludwin LLC raised its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 6.9% during the first quarter, Holdings Channel reports. The firm owned 4,747 shares of the oil and gas company’s stock after buying an additional 305 shares during the quarter. Salomon & Ludwin LLC’s holdings in Exxon Mobil were worth $392,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter worth $3,184,424,000. GQG Partners LLC grew its stake in shares of Exxon Mobil by 21.8% in the fourth quarter. GQG Partners LLC now owns 32,397,153 shares of the oil and gas company’s stock worth $1,982,114,000 after acquiring an additional 5,807,202 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Exxon Mobil by 134.3% in the fourth quarter. Renaissance Technologies LLC now owns 6,313,354 shares of the oil and gas company’s stock worth $386,314,000 after acquiring an additional 3,619,270 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Exxon Mobil by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 70,815,006 shares of the oil and gas company’s stock worth $4,322,078,000 after acquiring an additional 3,441,825 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Exxon Mobil by 324.1% in the fourth quarter. American Century Companies Inc. now owns 2,618,221 shares of the oil and gas company’s stock worth $160,209,000 after acquiring an additional 2,000,928 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on XOM shares. Cowen boosted their price target on shares of Exxon Mobil from $77.00 to $90.00 in a research note on Monday, May 2nd. Credit Suisse Group upgraded shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $115.00 to $125.00 in a research note on Tuesday, June 21st. Truist Financial lowered their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research note on Tuesday, July 19th. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $88.00 to $120.00 in a research note on Tuesday, June 7th. They noted that the move was a valuation call. Finally, HSBC boosted their target price on shares of Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $96.40.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the completion of the sale, the vice president now directly owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The disclosure for this sale can be found here. In the last three months, insiders sold 7,147 shares of company stock valued at $698,858. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $87.19 on Friday. The company has a 50-day simple moving average of $91.11 and a 200-day simple moving average of $85.81. Exxon Mobil Co. has a one year low of $52.10 and a one year high of $105.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The stock has a market capitalization of $367.29 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.32 and a beta of 1.09.

Exxon Mobil (NYSE:XOMGet Rating) last announced its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The business had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. During the same period in the prior year, the company earned $1.10 earnings per share. The business’s revenue was up 70.8% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 12.24 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, August 11th. Exxon Mobil’s payout ratio is 38.51%.

About Exxon Mobil

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Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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