Stableford Capital II LLC Buys 616 Shares of Exxon Mobil Corporation $XOM

Stableford Capital II LLC raised its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 35,592 shares of the oil and gas company’s stock after purchasing an additional 616 shares during the period. Exxon Mobil makes up 1.5% of Stableford Capital II LLC’s portfolio, making the stock its 16th biggest position. Stableford Capital II LLC’s holdings in Exxon Mobil were worth $3,929,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Evernest Financial Advisors LLC lifted its holdings in shares of Exxon Mobil by 6.0% in the 2nd quarter. Evernest Financial Advisors LLC now owns 6,894 shares of the oil and gas company’s stock worth $743,000 after acquiring an additional 390 shares during the last quarter. Tower Wealth Partners Inc. lifted its holdings in shares of Exxon Mobil by 0.9% in the 2nd quarter. Tower Wealth Partners Inc. now owns 16,562 shares of the oil and gas company’s stock worth $1,785,000 after acquiring an additional 146 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 3.8% in the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 71,347 shares of the oil and gas company’s stock worth $7,691,000 after acquiring an additional 2,587 shares during the last quarter. Tlwm lifted its holdings in shares of Exxon Mobil by 2.2% in the 2nd quarter. Tlwm now owns 9,653 shares of the oil and gas company’s stock worth $1,041,000 after acquiring an additional 209 shares during the last quarter. Finally, WealthPlan Investment Management LLC lifted its holdings in shares of Exxon Mobil by 52.9% in the 2nd quarter. WealthPlan Investment Management LLC now owns 33,996 shares of the oil and gas company’s stock worth $3,665,000 after acquiring an additional 11,760 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on XOM. Melius began coverage on shares of Exxon Mobil in a report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective for the company. Piper Sandler set a $141.00 price target on shares of Exxon Mobil in a report on Tuesday, October 7th. Barclays lowered their price target on shares of Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. UBS Group upped their price target on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday, October 13th. Finally, Wells Fargo & Company began coverage on shares of Exxon Mobil in a report on Friday. They set an “overweight” rating and a $156.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

Exxon Mobil Stock Up 1.4%

Shares of Exxon Mobil stock opened at $112.20 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $111.83 and its two-hundred day simple moving average is $109.19. The company has a market cap of $478.34 billion, a P/E ratio of 15.94, a PEG ratio of 2.02 and a beta of 0.51. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $123.21.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The business had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

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