Exxon Mobil Corporation $XOM Shares Bought by PUREfi Wealth LLC

PUREfi Wealth LLC grew its holdings in shares of Exxon Mobil Corporation (NYSE:XOM) by 15.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,231 shares of the oil and gas company’s stock after purchasing an additional 1,374 shares during the quarter. Exxon Mobil makes up about 0.9% of PUREfi Wealth LLC’s portfolio, making the stock its 25th biggest holding. PUREfi Wealth LLC’s holdings in Exxon Mobil were worth $1,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cullinan Associates Inc. boosted its stake in Exxon Mobil by 0.8% during the 2nd quarter. Cullinan Associates Inc. now owns 262,966 shares of the oil and gas company’s stock worth $28,348,000 after purchasing an additional 2,168 shares during the last quarter. Plimoth Trust Co. LLC boosted its stake in Exxon Mobil by 1.2% during the 2nd quarter. Plimoth Trust Co. LLC now owns 61,148 shares of the oil and gas company’s stock worth $6,592,000 after purchasing an additional 730 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Exxon Mobil by 2.8% during the 2nd quarter. DAVENPORT & Co LLC now owns 466,380 shares of the oil and gas company’s stock worth $50,278,000 after acquiring an additional 12,681 shares during the period. Valpey Financial Services LLC purchased a new position in shares of Exxon Mobil during the 2nd quarter worth $428,000. Finally, Grimes & Company Inc. raised its holdings in shares of Exxon Mobil by 3.5% during the 2nd quarter. Grimes & Company Inc. now owns 80,312 shares of the oil and gas company’s stock worth $8,658,000 after acquiring an additional 2,751 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Down 0.2%

Shares of NYSE:XOM opened at $114.08 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. The firm has a market capitalization of $486.35 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 2.07 and a beta of 0.51. The firm’s 50-day moving average is $111.28 and its two-hundred day moving average is $109.54. Exxon Mobil Corporation has a 1 year low of $97.80 and a 1 year high of $124.26.

Exxon Mobil (NYSE:XOM) last issued 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 company had revenue of $81.51 billion for the quarter, compared to analyst estimates of $79.07 billion. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.14 earnings per share. Analysts predict that Exxon Mobil Corporation will post 7.43 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared 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 dividend payout ratio is 56.25%.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction dated 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 $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

XOM has been the topic of several analyst reports. TD Cowen lifted their price target on Exxon Mobil from $120.00 to $128.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. UBS Group lifted their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Bank of America lifted their price target on Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Mizuho reduced their price target 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, Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.79.

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.