Tandem Investment Partners LLC Buys 1,005 Shares of Exxon Mobil Corporation $XOM

Tandem Investment Partners LLC grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 16.6% during the second quarter, HoldingsChannel reports. The firm owned 7,065 shares of the oil and gas company’s stock after purchasing an additional 1,005 shares during the quarter. Tandem Investment Partners LLC’s holdings in Exxon Mobil were worth $762,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of XOM. BridgePort Financial Solutions LLC lifted its holdings in Exxon Mobil by 216.9% in the second quarter. BridgePort Financial Solutions LLC now owns 11,575 shares of the oil and gas company’s stock worth $1,248,000 after buying an additional 7,922 shares during the period. O Keefe Stevens Advisory Inc. lifted its stake in shares of Exxon Mobil by 5.4% in the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 29,296 shares of the oil and gas company’s stock valued at $3,158,000 after purchasing an additional 1,496 shares during the period. Talbot Financial LLC boosted its position in shares of Exxon Mobil by 247.4% during the second quarter. Talbot Financial LLC now owns 13,200 shares of the oil and gas company’s stock valued at $1,423,000 after purchasing an additional 9,400 shares in the last quarter. Diligent Investors LLC grew its stake in Exxon Mobil by 19.3% in the second quarter. Diligent Investors LLC now owns 15,221 shares of the oil and gas company’s stock worth $1,641,000 after purchasing an additional 2,458 shares during the period. Finally, Oak Hill Wealth Advisors LLC raised its holdings in Exxon Mobil by 1.0% in the second quarter. Oak Hill Wealth Advisors LLC now owns 32,051 shares of the oil and gas company’s stock worth $3,660,000 after purchasing an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of analysts have recently commented on XOM shares. Bank of America boosted their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, September 10th. Piper Sandler upped their price objective on shares of Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Melius began coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 target price for the company. Wall Street Zen raised Exxon Mobil from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Finally, Wells Fargo & Company set a $127.00 price objective on Exxon Mobil and gave the company an “overweight” rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $125.00.

Exxon Mobil Trading Up 0.8%

NYSE:XOM opened at $114.18 on Tuesday. The stock has a market cap of $486.78 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 2.06 and a beta of 0.51. 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 company’s 50 day moving average price is $111.21 and its 200-day moving average price is $109.47. Exxon Mobil Corporation has a 52 week low of $97.80 and a 52 week 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, beating the consensus estimate of $1.47 by $0.17. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The business had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. During the same period in the prior year, the firm posted $2.14 EPS. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. Exxon Mobil’s dividend payout ratio (DPR) is 56.25%.

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.