IMS Capital Management Has $461,000 Position in Exxon Mobil Co. (NYSE:XOM)

IMS Capital Management lifted its stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 3.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,380 shares of the oil and gas company’s stock after acquiring an additional 173 shares during the period. IMS Capital Management’s holdings in Exxon Mobil were worth $461,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Swaine & Leidel Wealth Services LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $38,000. GW&K Investment Management LLC acquired a new position in Exxon Mobil during the first quarter worth $32,000. Marshall & Sullivan Inc. WA acquired a new position in Exxon Mobil during the second quarter worth $38,000. GoalVest Advisory LLC acquired a new position in Exxon Mobil during the first quarter worth $38,000. Finally, Dravo Bay LLC acquired a new position in Exxon Mobil during the first quarter worth $38,000. Institutional investors and hedge funds own 56.84% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, Director Jeffrey W. Ubben bought 960,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was purchased at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Exxon Mobil news, Director Jeffrey W. Ubben bought 960,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was purchased at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the completion of the transaction, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The disclosure for this sale can be found here. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Morgan Stanley upped their price objective on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a report on Tuesday, September 6th. The Goldman Sachs Group upped their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Truist Financial reduced their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a research note on Tuesday, July 19th. Finally, Piper Sandler reduced their target price on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a research note on Monday, September 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $96.69.

Exxon Mobil Price Performance

XOM opened at $90.57 on Friday. The firm has a market cap of $377.46 billion, a P/E ratio of 9.91, a PEG ratio of 0.30 and a beta of 1.07. The firm has a 50-day moving average of $93.05 and a 200 day moving average of $89.79. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. Exxon Mobil Co. has a fifty-two week low of $55.28 and a fifty-two week high of $105.57.

Exxon Mobil (NYSE:XOMGet Rating) last issued its earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.74 by $0.40. The firm had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The company’s quarterly revenue was up 70.8% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. On average, research analysts expect that Exxon Mobil Co. will post 12.67 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a dividend of $0.88 per share. The ex-dividend date was Thursday, August 11th. This represents a $3.52 dividend on an annualized basis and a yield of 3.89%. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Exxon Mobil 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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