QTR Family Wealth LLC Buys 2,713 Shares of Exxon Mobil Corporation $XOM

QTR Family Wealth LLC boosted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 21.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,581 shares of the oil and gas company’s stock after buying an additional 2,713 shares during the period. Exxon Mobil makes up about 1.0% of QTR Family Wealth LLC’s holdings, making the stock its 24th largest holding. QTR Family Wealth LLC’s holdings in Exxon Mobil were worth $1,680,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Trust Co. of Vermont boosted its stake in Exxon Mobil by 1.5% during the second quarter. Trust Co. of Vermont now owns 112,058 shares of the oil and gas company’s stock valued at $12,080,000 after buying an additional 1,651 shares during the period. SMI Advisory Services LLC bought a new stake in Exxon Mobil during the second quarter valued at $599,000. Ninety One UK Ltd boosted its stake in Exxon Mobil by 18.3% during the second quarter. Ninety One UK Ltd now owns 2,514,348 shares of the oil and gas company’s stock valued at $271,047,000 after buying an additional 389,161 shares during the period. Loudon Investment Management LLC boosted its stake in Exxon Mobil by 10.2% during the second quarter. Loudon Investment Management LLC now owns 4,313 shares of the oil and gas company’s stock valued at $465,000 after buying an additional 400 shares during the period. Finally, Marino Stram & Associates LLC boosted its stake in Exxon Mobil by 6.9% during the second quarter. Marino Stram & Associates LLC now owns 21,599 shares of the oil and gas company’s stock valued at $2,328,000 after buying an additional 1,403 shares during the period. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on XOM. 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 note on Monday, August 4th. Piper Sandler lifted their price target on Exxon Mobil from $134.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Mizuho dropped their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Melius began coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Exxon Mobil in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $125.00.

Exxon Mobil Stock Performance

XOM stock opened at $113.25 on Friday. The stock has a market capitalization of $482.81 billion, a PE ratio of 16.09, a price-to-earnings-growth ratio of 2.02 and a beta of 0.51. Exxon Mobil Corporation has a 12-month low of $97.80 and a 12-month high of $126.34. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock’s 50 day simple moving average is $111.15 and its 200 day simple moving average is $109.56.

Exxon Mobil (NYSE:XOM) last released 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 business had revenue of $81.51 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $2.14 EPS. As a group, research analysts forecast that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Insiders Place Their Bets

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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

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.