Crawford Investment Counsel Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 59,159 shares of the oil and gas company’s stock after buying an additional 2,892 shares during the period. Crawford Investment Counsel Inc.’s holdings in Exxon Mobil were worth $4,886,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Guardian Wealth Management Inc. bought a new stake in shares of Exxon Mobil in the fourth quarter valued at about $30,000. GW&K Investment Management LLC bought a new position in Exxon Mobil during the 1st quarter worth $32,000. Core Wealth Advisors Inc. lifted its position in shares of Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 500 shares during the period. GoalVest Advisory LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter worth $38,000. Finally, Dravo Bay LLC bought a new position in shares of Exxon Mobil in the first quarter worth $38,000. 56.84% of the stock is owned by institutional investors.
Exxon Mobil Trading Up 1.7 %
NYSE:XOM opened at $96.50 on Friday. Exxon Mobil Co. has a 52 week low of $52.96 and a 52 week high of $105.57. 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’s fifty day moving average is $91.45 and its 200-day moving average is $89.01. The firm has a market cap of $402.18 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.31 and a beta of 1.07.
Exxon Mobil Announces Dividend
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 $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.
Insiders Place Their Bets
In related news, Director Jeffrey W. Ubben bought 960,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were bought at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the transaction, the director now directly owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jeffrey W. Ubben purchased 960,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was purchased at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the completion of the purchase, the director now owns 1,137,000 shares in the company, valued at approximately $100,635,870. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction, the vice president now directly owns 27,863 shares in the company, valued at approximately $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 equities analysts have commented on the stock. Bank of America raised their target price on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a report on Monday, August 1st. Truist Financial reduced their target price on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating on the stock in a report on Tuesday, July 19th. Citigroup boosted their price target on Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. Barclays raised their price objective on Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, May 31st. Finally, Credit Suisse Group reissued an “outperform” rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, August 11th. Two investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $96.74.
Exxon Mobil Company Profile
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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