Exxon Mobil Corporation $XOM Shares Purchased by Randolph Co Inc

Randolph Co Inc increased its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 1.4% during the 2nd quarter, Holdings Channel.com reports. The fund owned 223,747 shares of the oil and gas company’s stock after acquiring an additional 3,092 shares during the period. Exxon Mobil accounts for about 2.5% of Randolph Co Inc’s holdings, making the stock its 20th largest position. Randolph Co Inc’s holdings in Exxon Mobil were worth $24,120,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Exxon Mobil in the 1st quarter valued at about $2,730,414,000. GQG Partners LLC raised its position in Exxon Mobil by 15,135.7% in the 1st quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock valued at $1,197,753,000 after purchasing an additional 10,004,975 shares in the last quarter. GAMMA Investing LLC raised its position in Exxon Mobil by 14,242.7% in the 1st quarter. GAMMA Investing LLC now owns 9,457,554 shares of the oil and gas company’s stock valued at $1,124,787,000 after purchasing an additional 9,391,614 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Exxon Mobil in the 2nd quarter valued at about $607,621,000. Finally, Ameriprise Financial Inc. raised its position in Exxon Mobil by 10.8% in the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after purchasing an additional 2,639,797 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of analyst reports. UBS Group increased their price target on Exxon Mobil from $130.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Melius Research initiated coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Melius began coverage on Exxon Mobil in a research report on Wednesday, August 20th. They issued a “hold” rating and a $111.00 price target on the stock. Mizuho dropped their price objective on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Finally, TD Cowen increased their price objective on Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $125.00.

Exxon Mobil Trading Up 1.3%

NYSE:XOM opened at $117.15 on Friday. The stock’s 50 day moving average price is $110.83 and its 200 day moving average price is $109.52. The company has a market capitalization of $499.44 billion, a PE ratio of 16.64, a P/E/G ratio of 2.11 and a beta of 0.57. The company has a quick ratio of 0.88, a current ratio of 1.25 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a 52-week low of $97.80 and a 52-week high of $126.34.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, August 1st. The oil and gas company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.17. The firm had revenue of $81.51 billion for the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.The firm’s quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.14 EPS. On average, research analysts anticipate that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 56.25%.

Insider Transactions at Exxon Mobil

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

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.