Soltis Investment Advisors LLC Has $3.05 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Soltis Investment Advisors LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 100.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 36,960 shares of the oil and gas company’s stock after purchasing an additional 18,530 shares during the period. Soltis Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,052,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter valued at $3,184,424,000. GQG Partners LLC boosted its position 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 valued at $1,982,114,000 after acquiring an additional 5,807,202 shares during the period. Renaissance Technologies LLC boosted its position 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 valued at $386,314,000 after acquiring an additional 3,619,270 shares during the period. Geode Capital Management LLC boosted its position 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 valued at $4,322,078,000 after acquiring an additional 3,441,825 shares during the period. Finally, American Century Companies Inc. boosted its position 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 valued at $160,209,000 after acquiring an additional 2,000,928 shares during the period. 54.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $102.81, for a total transaction of $220,733.07. Following the transaction, the vice president now directly owns 30,363 shares in the company, valued at approximately $3,121,620.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction dated Tuesday, June 7th. The stock was 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 approximately $3,121,620.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,147 shares of company stock worth $698,858. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on XOM shares. Cowen boosted their target price on shares of Exxon Mobil from $77.00 to $90.00 in a research report on Monday, May 2nd. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Barclays upped their price objective on shares of Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. Credit Suisse Group raised shares of Exxon Mobil from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $115.00 to $125.00 in a research report on Tuesday, June 21st. Finally, Citigroup increased their target price on shares of Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and an average target price of $96.40.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $87.19 on Friday. The company has a market cap of $367.29 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.32 and a beta of 1.09. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $105.57. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $91.11 and a 200-day moving average of $85.81.

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

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be paid 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 dividend payout ratio (DPR) is presently 38.51%.

Exxon Mobil Company Profile

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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.

Further Reading

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

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