Salomon & Ludwin LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 62.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,079 shares of the oil and gas company’s stock after acquiring an additional 5,783 shares during the quarter. Salomon & Ludwin LLC’s holdings in Exxon Mobil were worth $1,317,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. CTC Capital Management LLC purchased a new stake in Exxon Mobil during the third quarter valued at $1,807,000. WMG Financial Advisors LLC raised its stake in Exxon Mobil by 0.9% during the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after purchasing an additional 108 shares in the last quarter. Polaris Wealth Advisory Group LLC raised its stake in Exxon Mobil by 3,880.2% during the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after purchasing an additional 200,102 shares in the last quarter. Brown Advisory Inc. raised its stake in Exxon Mobil by 1.4% during the second quarter. Brown Advisory Inc. now owns 1,803,171 shares of the oil and gas company’s stock valued at $134,296,000 after purchasing an additional 24,869 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its stake in Exxon Mobil by 8.5% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 7,244 shares of the oil and gas company’s stock valued at $620,000 after purchasing an additional 566 shares in the last quarter. Institutional investors own 57.49% of the company’s stock.
Wall Street Analysts Forecast Growth
XOM has been the topic of several recent analyst reports. Truist Financial increased their target price on shares of Exxon Mobil from $111.00 to $114.00 in a research note on Monday, October 31st. Mizuho raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $140.00 in a research note on Tuesday, January 10th. Piper Sandler reduced their target price on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Finally, BNP Paribas raised shares of Exxon Mobil from an “underperform” rating to a “neutral” rating and set a $115.00 price target on the stock in a research note on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $114.35.
Exxon Mobil Stock Up 0.9 %
Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Friday, October 28th. The oil and gas company reported $4.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.57. Exxon Mobil had a net margin of 12.86% and a return on equity of 29.52%. The business had revenue of $112.07 billion for the quarter, compared to analysts’ expectations of $102.96 billion. During the same period last year, the business earned $1.58 EPS. The company’s revenue was up 51.9% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 13.92 earnings per share for the current fiscal year.
Exxon Mobil Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 9th. Investors of record on Tuesday, November 15th were paid a $0.91 dividend. The ex-dividend date of this dividend was Monday, November 14th. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.88. This represents a $3.64 dividend on an annualized basis and a yield of 3.20%. Exxon Mobil’s dividend payout ratio (DPR) is 29.71%.
Insider Buying and Selling
In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the sale, the vice president now directly owns 34,272 shares in the company, valued at approximately $3,598,560. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.
Exxon Mobil Profile
Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.
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