Exxon Mobil Co. (NYSE:XOM) Shares Purchased by Avity Investment Management Inc.

Avity Investment Management Inc. lifted its holdings in Exxon Mobil Co. (NYSE:XOMGet Rating) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,921 shares of the oil and gas company’s stock after acquiring an additional 2,100 shares during the quarter. Avity Investment Management Inc.’s holdings in Exxon Mobil were worth $2,134,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XOM. Norges Bank acquired a new stake 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 period. Vanguard Group Inc. grew its position in Exxon Mobil by 2.5% during the first quarter. Vanguard Group Inc. now owns 364,432,696 shares of the oil and gas company’s stock valued at $30,098,496,000 after buying an additional 8,825,023 shares during the period. American Century Companies Inc. grew its position in Exxon Mobil by 149.6% during the first quarter. American Century Companies Inc. now owns 6,534,097 shares of the oil and gas company’s stock valued at $539,651,000 after buying an additional 3,915,876 shares during the period. Finally, Swiss National Bank grew its position in Exxon Mobil by 14.0% during the first quarter. Swiss National Bank now owns 18,336,791 shares of the oil and gas company’s stock valued at $1,514,436,000 after buying an additional 2,245,300 shares during the period. Institutional investors and hedge funds own 56.84% of the company’s stock.

Exxon Mobil Price Performance

Shares of XOM stock opened at $90.95 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.16 and a quick ratio of 0.87. The firm’s 50-day moving average is $92.90 and its two-hundred day moving average is $89.77. Exxon Mobil Co. has a 12 month low of $54.37 and a 12 month high of $105.57. The company has a market capitalization of $379.05 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.31 and a beta of 1.07.

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

Exxon Mobil Announces Dividend

The company also recently announced 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 3.87%. The ex-dividend date was Thursday, August 11th. Exxon Mobil’s dividend payout ratio (DPR) is presently 38.51%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 sale, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 sale, the vice president now directly owns 27,863 shares in the company, valued at $2,635,839.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey W. Ubben acquired 960,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the acquisition, the director now directly 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. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Piper Sandler dropped their price target 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. Bank of America raised their price target on shares of Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, August 1st. Barclays raised their price target on shares of Exxon Mobil from $98.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, May 31st. Evercore ISI upgraded shares of Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their price target for the company from $88.00 to $120.00 in a research report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, The Goldman Sachs Group raised their price target on shares of Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $96.69.

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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