Exxon Mobil Co. (NYSE:XOM) Shares Bought by GDS Wealth Management

GDS Wealth Management grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM) by 991.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 57,945 shares of the oil and gas company’s stock after buying an additional 52,634 shares during the period. GDS Wealth Management’s holdings in Exxon Mobil were worth $6,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pekin Hardy Strauss Inc. increased its position in Exxon Mobil by 19.9% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 126,285 shares of the oil and gas company’s stock worth $14,538,000 after purchasing an additional 21,001 shares during the period. Moors & Cabot Inc. increased its position in Exxon Mobil by 4.2% during the 2nd quarter. Moors & Cabot Inc. now owns 202,967 shares of the oil and gas company’s stock worth $23,366,000 after purchasing an additional 8,135 shares during the period. Excalibur Management Corp boosted its stake in shares of Exxon Mobil by 4.4% during the 2nd quarter. Excalibur Management Corp now owns 27,490 shares of the oil and gas company’s stock worth $3,165,000 after acquiring an additional 1,171 shares in the last quarter. Lmcg Investments LLC boosted its stake in shares of Exxon Mobil by 18.5% during the 2nd quarter. Lmcg Investments LLC now owns 108,412 shares of the oil and gas company’s stock worth $12,480,000 after acquiring an additional 16,940 shares in the last quarter. Finally, Luts & Greenleigh Group Inc. purchased a new stake in shares of Exxon Mobil during the 2nd quarter worth approximately $29,161,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Truist Financial decreased their price target on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research note on Monday, July 22nd. Wolfe Research began coverage on Exxon Mobil in a research note on Thursday, July 18th. They set an “outperform” rating and a $146.00 price target on the stock. Barclays decreased their price target on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Morgan Stanley decreased their price target on Exxon Mobil from $145.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Wells Fargo & Company reduced their target price on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.24.

Exxon Mobil Trading Up 1.3 %

Shares of Exxon Mobil stock opened at $114.22 on Wednesday. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The firm has a market cap of $450.37 billion, a PE ratio of 14.00, a P/E/G ratio of 4.38 and a beta of 0.90. The business’s fifty day moving average is $115.73 and its two-hundred day moving average is $115.25. The company has a quick ratio of 1.01, a current ratio of 1.36 and a debt-to-equity ratio of 0.13.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.10. The company had revenue of $93.06 billion for the quarter, compared to analyst estimates of $90.09 billion. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.94 EPS. Analysts anticipate that Exxon Mobil Co. will post 8.36 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.33%. Exxon Mobil’s payout ratio is 46.57%.

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.