Revolve Wealth Partners LLC Has $524,000 Stake in Exxon Mobil Co. (NYSE:XOM) #Revolve #Wealth #Partners #LLC #Stake #Exxon #Mobil #NYSEXOM Welcome to Americanah Blog, here is the new story we have for you today:
Revolve Wealth Partners LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,114 shares of the oil and gas company’s stock after purchasing an additional 462 shares during the period. Revolve Wealth Partners LLC’s holdings in Exxon Mobil were worth $524,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of XOM. Swaine & Leidel Wealth Services LLC acquired a new stake in Exxon Mobil during the 1st quarter worth about $38,000. GW&K Investment Management LLC acquired a new stake in Exxon Mobil during the 1st quarter worth about $32,000. Marshall & Sullivan Inc. WA acquired a new stake in Exxon Mobil during the 2nd quarter worth about $38,000. GoalVest Advisory LLC acquired a new stake in Exxon Mobil during the 1st quarter worth about $38,000. Finally, Dravo Bay LLC acquired a new stake in Exxon Mobil during the 1st quarter worth about $38,000. 56.84% of the stock is currently owned by institutional investors and hedge funds.
Exxon Mobil Price Performance
Shares of NYSE XOM opened at $93.20 on Tuesday. Exxon Mobil Co. has a fifty-two week low of $52.96 and a fifty-two week high of $105.57. The firm’s 50-day simple moving average is $92.47 and its 200 day simple moving average is $89.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.16. The stock has a market cap of $388.42 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.31 and a beta of 1.07.
Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. Exxon Mobil had a net margin of 10.67% and a return on equity of 23.82%. The firm had revenue of $115.68 billion for the quarter, compared to analysts’ expectations of $111.67 billion. During the same quarter last year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 70.8% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post 12.69 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.52 annualized dividend and a dividend yield of 3.78%. Exxon Mobil’s dividend payout ratio is currently 38.51%.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $94.60, for a total transaction of $236,500.00. Following the transaction, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Jeffrey W. Ubben purchased 960,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of $88.51 per share, for a total transaction of $84,969,600.00. Following the purchase, the director now directly owns 1,137,000 shares in the company, valued at approximately $100,635,870. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $94.60, for a total transaction of $236,500.00. Following the sale, the vice president now owns 27,863 shares of the company’s stock, valued at approximately $2,635,839.80. The disclosure for this sale can be found here. Insiders own 0.04% of the company’s stock.
Wall Street Analysts Forecast Growth
XOM has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Exxon Mobil from $86.00 to $83.00 and set a “hold” rating for the company in a report on Tuesday, July 19th. Piper Sandler decreased their price target on Exxon Mobil from $109.00 to $108.00 and set an “overweight” rating for the company in a report on Monday, September 12th. Bank of America raised their target price on Exxon Mobil from $120.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, August 1st. The Goldman Sachs Group raised their target price on Exxon Mobil from $104.00 to $117.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Finally, Morgan Stanley raised their target price on Exxon Mobil from $107.00 to $113.00 and gave the company an “overweight” rating in a research note on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $96.69.
Exxon Mobil Company Profile
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.
Receive News & Ratings for Exxon Mobil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Exxon Mobil and related companies with MarketBeat.com’s FREE daily email newsletter.