Brookstone Capital Management Boosts Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Brookstone Capital Management boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 163,452 shares of the oil and gas company’s stock after purchasing an additional 2,482 shares during the period. Brookstone Capital Management’s holdings in Exxon Mobil were worth $13,705,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Guardian Wealth Management Inc. bought a new position in Exxon Mobil during the fourth quarter valued at approximately $30,000. Horan Securities Inc. bought a new position in Exxon Mobil in the fourth quarter worth approximately $31,000. West Bancorporation Inc. bought a new position in Exxon Mobil in the fourth quarter worth approximately $32,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in Exxon Mobil in the fourth quarter worth approximately $42,000. Finally, Nvwm LLC raised its position in Exxon Mobil by 100.0% in the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 300 shares during the period. Institutional investors own 54.07% of the company’s stock.

In related news, VP Darrin L. Talley sold 2,147 shares of Exxon Mobil stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total transaction of $220,733.07. Following the completion of the transaction, the vice president now directly owns 30,363 shares of the company’s stock, valued at approximately $3,121,620.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $96.65, for a total transaction of $241,625.00. Following the transaction, the vice president now directly owns 32,510 shares of the company’s stock, valued at $3,142,091.50. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.

Several research analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. StockNews.com downgraded shares of Exxon Mobil from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. JPMorgan Chase & Co. set a $100.00 price target on shares of Exxon Mobil in a research report on Tuesday, March 29th. Truist Financial raised their price objective on shares of Exxon Mobil from $75.00 to $84.00 in a research report on Thursday, April 21st. Finally, BMO Capital Markets lifted their target price on shares of Exxon Mobil from $73.00 to $86.00 and gave the company a “hold” rating in a research note on Thursday, March 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.24.

Shares of NYSE XOM opened at $87.86 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.76 and a current ratio of 1.07. The company has a market cap of $370.11 billion, a P/E ratio of 14.57, a P/E/G ratio of 0.35 and a beta of 1.05. The firm’s fifty day moving average is $91.53 and its two-hundred day moving average is $80.64. Exxon Mobil Co. has a 52-week low of $52.10 and a 52-week high of $105.57.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Friday, April 29th. The oil and gas company reported $2.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.18). The company had revenue of $90.50 billion during the quarter, compared to the consensus estimate of $83.57 billion. Exxon Mobil had a net margin of 8.14% and a return on equity of 16.97%. The business’s revenue was up 53.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, analysts forecast that Exxon Mobil Co. will post 10.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were issued a $0.88 dividend. The ex-dividend date was Thursday, May 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.01%. Exxon Mobil’s dividend payout ratio (DPR) is presently 58.37%.

About Exxon Mobil (Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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