RMB Capital Management LLC Raises Holdings in Exxon Mobil Co. (NYSE:XOM)

RMB Capital Management LLC lifted its stake in Exxon Mobil Co. (NYSE:XOMGet Rating) by 60.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,675 shares of the oil and gas company’s stock after buying an additional 11,913 shares during the quarter. RMB Capital Management LLC’s holdings in Exxon Mobil were worth $2,616,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Guardian Wealth Management Inc. purchased a new position in Exxon Mobil during the fourth quarter worth approximately $30,000. Horan Securities Inc. purchased a new position in Exxon Mobil during the fourth quarter worth approximately $31,000. West Bancorporation Inc. purchased a new position in Exxon Mobil during the fourth quarter worth approximately $32,000. Nvwm LLC boosted its position in Exxon Mobil by 100.0% during the fourth quarter. Nvwm LLC now owns 600 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 300 shares in the last quarter. Finally, Core Wealth Advisors Inc. boosted its position in Exxon Mobil by 454.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.

Exxon Mobil Trading Up 1.4 %

Shares of XOM stock opened at $88.45 on Friday. The company’s 50-day moving average price is $90.93 and its 200-day moving average price is $85.91. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $372.60 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09. Exxon Mobil Co. has a twelve month low of $52.10 and a twelve month high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last announced its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. During the same quarter in the previous year, the company posted $1.10 EPS. The company’s revenue was up 70.8% compared to the same quarter last year. As a group, equities analysts predict that Exxon Mobil Co. will post 12.35 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 12th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a yield of 3.98%. Exxon Mobil’s payout ratio is currently 38.51%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. Barclays increased their price target on Exxon Mobil from $98.00 to $111.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 31st. HSBC increased their price target on Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Cowen increased their target price on Exxon Mobil from $77.00 to $90.00 in a report on Monday, May 2nd. Truist Financial reduced their target price on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a report on Tuesday, July 19th. Finally, Credit Suisse Group raised Exxon Mobil from a “neutral” rating to an “outperform” rating and increased their target price for the company from $115.00 to $125.00 in a report on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $96.40.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Exxon Mobil news, VP Darrin L. Talley sold 2,147 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $102.81, for a total value of $220,733.07. Following the transaction, the vice president now owns 30,363 shares of the company’s stock, valued at $3,121,620.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $96.65, for a total transaction of $241,625.00. Following the completion of the transaction, the vice president now directly owns 32,510 shares in the company, valued at approximately $3,142,091.50. The disclosure for this sale can be found here. Insiders have sold 7,147 shares of company stock valued at $698,858 over the last 90 days. 0.04% of the stock is owned by insiders.

About Exxon Mobil

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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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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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