Richard P Slaughter Associates Inc Buys 321 Shares of Exxon Mobil Co. (NYSE:XOM)

Richard P Slaughter Associates Inc lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 2.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 12,876 shares of the oil and gas company’s stock after acquiring an additional 321 shares during the period. Richard P Slaughter Associates Inc’s holdings in Exxon Mobil were worth $1,381,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in XOM. Moneta Group Investment Advisors LLC raised its position in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Norges Bank bought a new stake in Exxon Mobil in the fourth quarter worth $5,226,390,000. Price T Rowe Associates Inc. MD lifted its stake in Exxon Mobil by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock worth $5,218,954,000 after purchasing an additional 6,580,247 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Exxon Mobil by 188.6% in the first quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock worth $327,573,000 after purchasing an additional 5,711,599 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Exxon Mobil by 11.9% in the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after purchasing an additional 5,566,797 shares during the last quarter. 58.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Mizuho boosted their price target on shares of Exxon Mobil from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Wednesday, August 16th. Truist Financial lowered their price target on shares of Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, July 24th. Piper Sandler lowered their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. HSBC upped their price objective on shares of Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Finally, Morgan Stanley upped their price objective on shares of Exxon Mobil from $121.00 to $124.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Eleven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.43.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares in the company, valued at approximately $3,193,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $115.00, for a total transaction of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares in the company, valued at approximately $3,193,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey W. Ubben acquired 458,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the transaction, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The disclosure for this purchase can be found here. Insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM opened at $116.72 on Friday. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The firm’s 50-day simple moving average is $108.38 and its two-hundred day simple moving average is $108.47. The stock has a market cap of $467.25 billion, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business had revenue of $82.91 billion during the quarter, compared to the consensus estimate of $81.80 billion. During the same quarter in the previous year, the business posted $4.14 earnings per share. The firm’s revenue was down 28.3% on a year-over-year basis. Analysts anticipate that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were given a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.12%. Exxon Mobil’s payout ratio is presently 29.12%.

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.