Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. raised its position in shares of Exxon Mobil Co. (NYSE:XOM) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,112 shares of the oil and gas company’s stock after buying an additional 2,606 shares during the quarter. Exxon Mobil comprises 1.3% of Monterey Private Wealth Inc.’s portfolio, making the stock its 19th largest position. Monterey Private Wealth Inc.’s holdings in Exxon Mobil were worth $2,586,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC lifted its stake in Exxon Mobil by 1.9% during the first quarter. FMR LLC now owns 144,949,334 shares of the oil and gas company’s stock worth $15,895,144,000 after purchasing an additional 2,680,850 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Geode Capital Management LLC raised its holdings in shares of Exxon Mobil by 0.7% during the first quarter. Geode Capital Management LLC now owns 73,871,122 shares of the oil and gas company’s stock worth $8,084,883,000 after purchasing an additional 520,794 shares during the period. Morgan Stanley lifted its position in shares of Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after buying an additional 5,566,797 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 16.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock valued at $5,218,954,000 after buying an additional 6,580,247 shares during the period. Institutional investors own 58.53% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $117.69 on Tuesday. The stock has a market cap of $471.14 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08. Exxon Mobil Co. has a 12 month low of $83.89 and a 12 month high of $119.92. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $108.65 and a 200-day simple moving average of $108.49.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The company’s revenue was down 28.3% compared to the same quarter last year. During the same period last year, the firm earned $4.14 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 8.94 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.12%.

Insider Activity

In related news, VP Darrin L. Talley sold 1,500 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Darrin L. Talley sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total transaction of $172,500.00. Following the completion of the sale, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, with a total value of $48,973,940.00. Following the purchase, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

XOM has been the subject of several recent research reports. UBS Group upped their target price on Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Mizuho boosted their price objective on Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday. HSBC raised their target price on Exxon Mobil from $110.00 to $116.00 in a research report on Wednesday, August 9th. Wolfe Research lowered Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. Finally, StockNews.com assumed coverage on Exxon Mobil in a report on Thursday, August 17th. They set a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.78.

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.