Castle Rock Wealth Management LLC Has $1.07 Million Position in Exxon Mobil Co. (NYSE:XOM)

Castle Rock Wealth Management LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) by 397.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,421 shares of the oil and gas company’s stock after purchasing an additional 9,922 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in Exxon Mobil were worth $1,067,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XOM. Norges Bank acquired a new position in shares of Exxon Mobil in the fourth quarter worth $3,184,424,000. GQG Partners LLC increased its stake in shares of Exxon Mobil by 59.9% in the first quarter. GQG Partners LLC now owns 51,800,709 shares of the oil and gas company’s stock worth $4,277,527,000 after acquiring an additional 19,403,556 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Exxon Mobil by 2.5% in the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock worth $30,098,496,000 after acquiring an additional 8,825,023 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Exxon Mobil by 149.6% in the first quarter. American Century Companies Inc. now owns 6,534,097 shares of the oil and gas company’s stock worth $539,651,000 after acquiring an additional 3,915,876 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Exxon Mobil by 14.0% in the first quarter. Swiss National Bank now owns 18,336,791 shares of the oil and gas company’s stock worth $1,514,436,000 after acquiring an additional 2,245,300 shares during the last quarter. 56.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on XOM shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Exxon Mobil in a research note on Thursday, August 11th. Evercore ISI raised shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Bank of America increased their target price on shares of Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, August 1st. Piper Sandler lowered their target price on shares of Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating on the stock in a research report on Monday, September 12th. Finally, Truist Financial lowered their target price on shares of Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a research report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $96.69.

Exxon Mobil Stock Down 0.4 %

NYSE XOM opened at $90.57 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The firm has a 50-day simple moving average of $93.05 and a 200 day simple moving average of $89.79. Exxon Mobil Co. has a twelve month low of $55.28 and a twelve month high of $105.57. The stock has a market cap of $377.46 billion, a PE ratio of 9.91, a PEG ratio of 0.31 and a beta of 1.07.

Exxon Mobil (NYSE:XOMGet Rating) last released its 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. The business had revenue of $115.68 billion during the quarter, compared to analysts’ expectations of $111.67 billion. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm’s revenue was up 70.8% on a year-over-year basis. During the same quarter last year, the company earned $1.10 earnings per share. On average, research analysts forecast that Exxon Mobil Co. will post 12.67 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insiders Place Their Bets

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

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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