Sage Mountain Advisors LLC Acquires 5,513 Shares of Exxon Mobil Corporation $XOM

Sage Mountain Advisors LLC increased its holdings in Exxon Mobil Corporation (NYSE:XOM) by 12.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,440 shares of the oil and gas company’s stock after purchasing an additional 5,513 shares during the period. Sage Mountain Advisors LLC’s holdings in Exxon Mobil were worth $5,462,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC raised its stake in Exxon Mobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of Exxon Mobil in the 1st quarter valued at $305,000. Sivia Capital Partners LLC grew its holdings in shares of Exxon Mobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 207 shares during the last quarter. Golden State Equity Partners increased its position in shares of Exxon Mobil by 20.8% during the 2nd quarter. Golden State Equity Partners now owns 25,481 shares of the oil and gas company’s stock worth $2,747,000 after purchasing an additional 4,379 shares in the last quarter. Finally, Baring Financial LLC lifted its holdings in Exxon Mobil by 14.0% during the 2nd quarter. Baring Financial LLC now owns 5,025 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 618 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 3,000 shares of Exxon Mobil stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $117.19, for a total transaction of $351,570.00. Following the transaction, the vice president directly owned 28,584 shares in the company, valued at approximately $3,349,758.96. The trade was a 9.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Up 2.4%

Exxon Mobil stock opened at $133.63 on Thursday. The firm has a market capitalization of $563.54 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 8.28 and a beta of 0.37. The company’s 50 day simple moving average is $120.12 and its 200 day simple moving average is $114.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.79. Exxon Mobil Corporation has a fifty-two week low of $97.80 and a fifty-two week high of $133.73.

Exxon Mobil (NYSE:XOM) last posted its earnings results on Friday, October 31st. The oil and gas company reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.16. The company had revenue of $83.33 billion for the quarter, compared to analyst estimates of $83.09 billion. Exxon Mobil had a net margin of 8.99% and a return on equity of 11.22%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the business posted $1.92 earnings per share. As a group, sell-side analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 14th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. Exxon Mobil’s dividend payout ratio (DPR) is 59.88%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XOM. Jefferies Financial Group upped their price objective on shares of Exxon Mobil from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. BNP Paribas Exane upgraded Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $114.00 price target on the stock in a research report on Monday, December 8th. UBS Group reaffirmed a “buy” rating on shares of Exxon Mobil in a report on Friday, January 9th. Piper Sandler reduced their price objective on Exxon Mobil from $144.00 to $142.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Finally, Sanford C. Bernstein decreased their target price on Exxon Mobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $132.00.

Exxon Mobil Profile

Exxon Mobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.