Los Angeles Capital Management LLC Acquires 270,159 Shares of Exxon Mobil Co. (NYSE:XOM)

Los Angeles Capital Management LLC increased its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 13.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,344,860 shares of the oil and gas company’s stock after buying an additional 270,159 shares during the quarter. Exxon Mobil accounts for approximately 0.8% of Los Angeles Capital Management LLC’s holdings, making the stock its 26th biggest holding. Los Angeles Capital Management LLC’s holdings in Exxon Mobil were worth $193,662,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. GoalVest Advisory LLC bought a new stake in Exxon Mobil in the first quarter valued at $38,000. Guardian Wealth Management Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $30,000. Horan Securities Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $31,000. West Bancorporation Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $32,000. Finally, First Quadrant LLC CA boosted its holdings in shares of Exxon Mobil by 236.8% during the 1st quarter. First Quadrant LLC CA now owns 522 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 367 shares in the last quarter. 54.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was 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 in the company, valued at approximately $3,121,620.03. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Darrin L. Talley sold 2,147 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was 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 in the company, valued at approximately $3,121,620.03. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,147 shares of company stock worth $698,858. 0.04% of the stock is owned by company insiders.

Exxon Mobil Price Performance

NYSE XOM opened at $88.45 on Friday. Exxon Mobil Co. has a 52 week low of $52.10 and a 52 week high of $105.57. The firm has a market capitalization of $372.60 billion, a P/E ratio of 9.68, a PEG ratio of 0.31 and a beta of 1.09. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $90.93 and a 200-day moving average price of $85.91.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS 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 during the quarter, compared to analyst estimates of $111.67 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The business’s revenue for the quarter was up 70.8% compared to the same quarter last year. Equities research analysts anticipate that Exxon Mobil Co. will post 12.35 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 12th will be paid a dividend of $0.88 per share. The ex-dividend date is Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.98%. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of research reports. Piper Sandler upgraded shares of Exxon Mobil from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $102.00 to $109.00 in a report on Tuesday, July 19th. The Goldman Sachs Group lifted their price target on Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. Truist Financial lowered their price target on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research report on Tuesday, July 19th. Royal Bank of Canada raised Exxon Mobil from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $90.00 to $100.00 in a research report on Thursday, April 21st. Finally, Bank of America lifted their price target on Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $96.40.

Exxon Mobil Company Profile

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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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