Vista Private Wealth Partners. LLC Takes $210,000 Position in Exxon Mobil Co. (NYSE:XOM)

Vista Private Wealth Partners. LLC purchased a new position in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,446 shares of the oil and gas company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Mechanics Bank Trust Department lifted its position in Exxon Mobil by 0.3% during the 2nd quarter. Mechanics Bank Trust Department now owns 97,409 shares of the oil and gas company’s stock worth $8,342,000 after buying an additional 305 shares in the last quarter. Castle Rock Wealth Management LLC lifted its position in Exxon Mobil by 397.0% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,421 shares of the oil and gas company’s stock worth $1,067,000 after buying an additional 9,922 shares in the last quarter. Insight Wealth Partners LLC lifted its position in Exxon Mobil by 9.8% during the 2nd quarter. Insight Wealth Partners LLC now owns 11,203 shares of the oil and gas company’s stock worth $959,000 after buying an additional 1,003 shares in the last quarter. Adams Asset Advisors LLC acquired a new position in Exxon Mobil during the 2nd quarter valued at about $1,092,000. Finally, Allworth Financial LP lifted its position in Exxon Mobil by 17.2% during the 2nd quarter. Allworth Financial LP now owns 133,096 shares of the oil and gas company’s stock valued at $11,398,000 after purchasing an additional 19,553 shares during the period. Institutional investors and hedge funds own 56.84% of the company’s stock.

Insider Activity

In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was bought at an average price 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 in the company, valued at approximately $100,635,870. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffrey W. Ubben acquired 960,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was bought at an average price 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 in the company, valued at approximately $100,635,870. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now directly owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. 0.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on XOM shares. Truist Financial cut 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. Barclays upped their target price 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. Bank of America upped their target price 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. Morgan Stanley upped their target price on shares of Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, September 6th. Finally, The Goldman Sachs Group upped their price target on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $96.69.

Exxon Mobil Price Performance

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

Exxon Mobil (NYSE:XOMGet Rating) last issued its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.74 by $0.40. The company 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 business’s quarterly revenue was up 70.8% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. 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. Stockholders of record on Friday, August 12th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, August 11th. Exxon Mobil’s payout ratio is presently 38.51%.

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.

See Also

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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