Exxon Mobil Co. (NYSE:XOM) is Lee Johnson Capital Management LLC’s 7th Largest Position

Lee Johnson Capital Management LLC reduced its position in Exxon Mobil Co. (NYSE:XOMGet Rating) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,971 shares of the oil and gas company’s stock after selling 795 shares during the period. Exxon Mobil makes up about 2.9% of Lee Johnson Capital Management LLC’s holdings, making the stock its 7th biggest holding. Lee Johnson Capital Management LLC’s holdings in Exxon Mobil were worth $2,395,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Guardian Wealth Management Inc. bought a new position in shares of Exxon Mobil during the fourth quarter worth about $30,000. GW&K Investment Management LLC bought a new position in shares of Exxon Mobil during the first quarter worth about $32,000. CFS Investment Advisory Services LLC lifted its position in shares of Exxon Mobil by 8,482.4% during the first quarter. CFS Investment Advisory Services LLC now owns 1,644,137 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 1,624,980 shares during the last quarter. GoalVest Advisory LLC bought a new position in shares of Exxon Mobil during the first quarter worth about $38,000. Finally, Dravo Bay LLC bought a new position in shares of Exxon Mobil during the first quarter worth about $38,000. 56.84% 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 2,500 shares of the firm’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 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 legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Darrin L. Talley sold 2,500 shares of the firm’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 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey W. Ubben bought 960,000 shares of Exxon Mobil stock in a transaction that occurred on Thursday, August 4th. The shares were acquired at an average price of $88.51 per share, with a total value of $84,969,600.00. Following the completion of 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.

Exxon Mobil Price Performance

NYSE XOM opened at $90.57 on Friday. Exxon Mobil Co. has a 12 month low of $55.28 and a 12 month high of $105.57. 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 has a market capitalization of $377.46 billion, a PE ratio of 9.91, a P/E/G ratio of 0.31 and a beta of 1.07. The company’s 50 day simple moving average is $93.05 and its 200 day simple moving average is $89.79.

Exxon Mobil (NYSE:XOMGet Rating) last posted its quarterly earnings data on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, beating 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 business had revenue of $115.68 billion for the quarter, compared to analyst estimates of $111.67 billion. During the same quarter last year, the business earned $1.10 earnings per share. The business’s revenue for the quarter was up 70.8% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 12.67 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 12th were paid 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 dividend yield of 3.89%. Exxon Mobil’s dividend payout ratio is presently 38.51%.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. HSBC increased their price target on shares of Exxon Mobil from $92.50 to $97.50 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Morgan Stanley increased their price target on shares of Exxon Mobil from $107.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 6th. Piper Sandler reduced 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. Credit Suisse Group reiterated an “outperform” rating and set a $125.00 price objective on shares of Exxon Mobil in a research note on Thursday, August 11th. Finally, The Goldman Sachs Group increased their price objective on shares of Exxon Mobil from $104.00 to $117.00 and gave the stock a “buy” rating in a research note on Wednesday, June 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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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