Talbot Financial LLC Has $1.42 Million Position in Exxon Mobil Corporation $XOM

Talbot Financial LLC grew its position in Exxon Mobil Corporation (NYSE:XOM) by 247.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,200 shares of the oil and gas company’s stock after purchasing an additional 9,400 shares during the period. Talbot Financial LLC’s holdings in Exxon Mobil were worth $1,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in Exxon Mobil by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock worth $5,390,318,000 after acquiring an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Exxon Mobil by 1.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock valued at $3,850,167,000 after purchasing an additional 512,860 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares in the last quarter. Amundi grew its position in shares of Exxon Mobil by 9.7% in the 1st quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock valued at $2,966,598,000 after purchasing an additional 2,329,964 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Exxon Mobil by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock worth $3,028,968,000 after purchasing an additional 909,386 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on XOM. Piper Sandler lifted their price target on shares of Exxon Mobil from $134.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Melius began coverage on shares of Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price objective on the stock. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. Weiss Ratings restated a “hold (c)” rating on shares of Exxon Mobil in a report on Saturday, September 27th. Finally, UBS Group increased their price objective on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.00.

Exxon Mobil Price Performance

NYSE:XOM opened at $114.18 on Tuesday. The stock’s 50-day simple moving average is $111.21 and its 200 day simple moving average is $109.47. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The company has a market cap of $486.78 billion, a P/E ratio of 16.22, a P/E/G ratio of 2.06 and a beta of 0.51.

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

Exxon Mobil Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is 56.25%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the completion of the transaction, the vice president owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Exxon Mobil Company 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.