Exxon Mobil Corporation $XOM Shares Bought by Sandy Cove Advisors LLC

Sandy Cove Advisors LLC raised its position in Exxon Mobil Corporation (NYSE:XOM) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,086 shares of the oil and gas company’s stock after purchasing an additional 992 shares during the quarter. Sandy Cove Advisors LLC’s holdings in Exxon Mobil were worth $1,195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 10Elms LLP acquired a new position in Exxon Mobil in the 4th quarter valued at about $25,000. Graybill Wealth Management LTD. purchased a new position in Exxon Mobil during the first quarter worth about $29,000. Elequin Capital LP purchased a new position in Exxon Mobil during the first quarter worth about $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock worth $35,000 after buying an additional 238 shares during the period. Finally, Capital A Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $32,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on XOM. UBS Group increased their target price on shares of Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. TD Cowen increased their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. Mizuho lowered their target price on shares of Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Exxon Mobil in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Hold” and a consensus target price of $124.76.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $112.39 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.88 and a current ratio of 1.25. The stock has a market capitalization of $479.15 billion, a P/E ratio of 15.96, a P/E/G ratio of 2.05 and a beta of 0.57. The company’s fifty day moving average is $110.58 and its two-hundred day moving average is $109.15. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $126.34.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings data on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.17. The company had revenue of $81.51 billion for the quarter, compared to analysts’ expectations of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. Exxon Mobil’s revenue was down 12.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.14 EPS. On average, sell-side analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s payout ratio is presently 56.25%.

About Exxon Mobil

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.