Advisory Resource Group Raises Stock Holdings in Exxon Mobil Corporation $XOM

Advisory Resource Group grew its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 10.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 53,962 shares of the oil and gas company’s stock after acquiring an additional 5,272 shares during the quarter. Exxon Mobil comprises approximately 1.1% of Advisory Resource Group’s holdings, making the stock its 22nd largest holding. Advisory Resource Group’s holdings in Exxon Mobil were worth $5,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in XOM. Axis Wealth Partners LLC grew its stake in Exxon Mobil by 1.8% in the 2nd quarter. Axis Wealth Partners LLC now owns 5,056 shares of the oil and gas company’s stock worth $545,000 after acquiring an additional 90 shares in the last quarter. Park Edge Advisors LLC raised its holdings in shares of Exxon Mobil by 0.3% in the 2nd quarter. Park Edge Advisors LLC now owns 32,031 shares of the oil and gas company’s stock valued at $3,453,000 after purchasing an additional 91 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its position in shares of Exxon Mobil by 3.6% in the 2nd quarter. Willow Creek Wealth Management Inc. now owns 2,640 shares of the oil and gas company’s stock worth $285,000 after purchasing an additional 91 shares during the period. Chapin Davis Inc. boosted its position in Exxon Mobil by 2.1% during the 2nd quarter. Chapin Davis Inc. now owns 4,607 shares of the oil and gas company’s stock valued at $497,000 after acquiring an additional 93 shares in the last quarter. Finally, Cascade Investment Group Inc. raised its position in shares of Exxon Mobil by 2.1% in the 2nd quarter. Cascade Investment Group Inc. now owns 4,419 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 93 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,158 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president directly owned 13,829 shares of the company’s stock, valued at approximately $1,527,413.05. This trade represents a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on XOM. UBS Group raised their target price on shares of Exxon Mobil from $143.00 to $145.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Mizuho cut their price target on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. Wall Street Zen raised shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Piper Sandler raised their target price on Exxon Mobil from $141.00 to $144.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Finally, Morgan Stanley lifted their price target on Exxon Mobil from $134.00 to $135.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.67.

Exxon Mobil Trading Up 0.4%

XOM stock opened at $119.21 on Friday. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $123.21. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. The firm has a market cap of $502.73 billion, a P/E ratio of 16.93, a PEG ratio of 2.06 and a beta of 0.49. The company’s 50-day simple moving average is $114.07 and its 200-day simple moving average is $110.63.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, June 17th. The oil and gas company reported $0.65 earnings per share for the quarter. The company had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. As a group, equities analysts forecast that Exxon Mobil Corporation will post 7.43 EPS for the current fiscal year.

Exxon Mobil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.03 per share. This is an increase from Exxon Mobil’s previous quarterly dividend of $0.99. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Exxon Mobil’s dividend payout ratio is presently 59.88%.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.