Exxon Mobil Corporation $XOM Shares Bought by Costello Asset Management INC

Costello Asset Management INC lifted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,447 shares of the oil and gas company’s stock after acquiring an additional 209 shares during the quarter. Costello Asset Management INC’s holdings in Exxon Mobil were worth $372,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Exxon Mobil by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 45,323,453 shares of the oil and gas company’s stock worth $5,390,318,000 after buying an additional 1,340,343 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Exxon Mobil by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 32,373,392 shares of the oil and gas company’s stock worth $3,850,167,000 after acquiring an additional 512,860 shares during the period. Ameriprise Financial Inc. raised its position in Exxon Mobil by 10.8% in the first quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock worth $3,213,848,000 after acquiring an additional 2,639,797 shares in the last quarter. Amundi raised its position in Exxon Mobil by 9.7% in the first quarter. Amundi now owns 26,386,120 shares of the oil and gas company’s stock worth $2,966,598,000 after acquiring an additional 2,329,964 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Exxon Mobil by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 25,468,498 shares of the oil and gas company’s stock valued at $3,028,968,000 after acquiring an additional 909,386 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Exxon Mobil from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Piper Sandler set a $141.00 target price on shares of Exxon Mobil in a research report on Tuesday, October 7th. Wells Fargo & Company set a $127.00 target price on shares of Exxon Mobil and gave the company an “overweight” rating in a report on Thursday, June 26th. Melius started coverage on Exxon Mobil in a research note on Wednesday, August 20th. They set a “hold” rating and a $111.00 price target on the stock. Finally, UBS Group upped 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $125.95.

Exxon Mobil Stock Down 1.8%

XOM stock opened at $110.93 on Monday. 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 company’s 50 day simple moving average is $111.32 and its 200-day simple moving average is $109.36. Exxon Mobil Corporation has a 12 month low of $97.80 and a 12 month high of $124.26. The firm has a market capitalization of $472.93 billion, a PE ratio of 15.76, a P/E/G ratio of 2.00 and a beta of 0.51.

Exxon Mobil (NYSE:XOM) last issued its quarterly earnings data on Friday, June 17th. The oil and gas company reported $0.65 earnings per share (EPS) for the quarter. The firm had revenue of $57.55 billion during the quarter. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%. Equities analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 15th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of Exxon Mobil 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 completion of the sale, the vice president directly owned 13,829 shares in the company, valued at $1,527,413.05. The trade was a 13.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

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.