Exxon Mobil Co. (NYSE:XOM) Shares Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 91,381 shares of the oil and gas company’s stock after purchasing an additional 7,240 shares during the quarter. Exxon Mobil accounts for 0.7% of HBK Sorce Advisory LLC’s investment portfolio, making the stock its 27th biggest holding. HBK Sorce Advisory LLC’s holdings in Exxon Mobil were worth $7,002,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. Massey Quick Simon & CO. LLC raised its holdings in shares of Exxon Mobil by 121.2% in the second quarter. Massey Quick Simon & CO. LLC now owns 334 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 183 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Exxon Mobil in the second quarter worth $26,000. Asset Planning Services Ltd. raised its holdings in shares of Exxon Mobil by 1,984.0% in the second quarter. Asset Planning Services Ltd. now owns 521 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 496 shares during the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of Exxon Mobil in the second quarter worth $45,000. Finally, INR Advisory Services LLC acquired a new position in shares of Exxon Mobil in the fourth quarter worth $43,000. 54.42% of the stock is owned by hedge funds and other institutional investors.

In other Exxon Mobil news, VP Robert N. Schleckser sold 9,345 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $70.84, for a total transaction of $661,999.80. Following the completion of the sale, the vice president now owns 189,800 shares of the company’s stock, valued at $13,445,432. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.05% of the stock is currently owned by insiders.

Shares of NYSE:XOM traded down $0.25 during midday trading on Friday, reaching $72.08. The company’s stock had a trading volume of 16,863,179 shares, compared to its average volume of 10,049,064. The firm has a market cap of $306.04 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. Exxon Mobil Co. has a 1 year low of $64.65 and a 1 year high of $87.36. The business has a 50 day moving average price of $70.15 and a 200 day moving average price of $75.75.

Exxon Mobil (NYSE:XOM) last posted its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Exxon Mobil had a return on equity of 9.16% and a net margin of 6.30%. The firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $64.47 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Sell-side analysts anticipate that Exxon Mobil Co. will post 3.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Monday, August 12th. Exxon Mobil’s dividend payout ratio (DPR) is presently 70.59%.

A number of equities analysts have recently weighed in on the company. UBS Group cut their price target on Exxon Mobil from $87.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. Zacks Investment Research cut Exxon Mobil from a “hold” rating to a “strong sell” rating and set a $79.00 price target for the company. in a report on Monday, July 22nd. Bank of America reissued a “buy” rating and issued a $100.00 price target on shares of Exxon Mobil in a report on Monday, August 5th. Royal Bank of Canada reissued a “neutral” rating and issued a $90.00 price target on shares of Exxon Mobil in a report on Friday, August 2nd. Finally, BMO Capital Markets began coverage on Exxon Mobil in a report on Tuesday, August 20th. They issued a “market perform” rating and a $86.00 price target for the company. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $81.13.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

Read More: Certificate of Deposit (CD)

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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