Essex LLC Has $2.01 Million Stake in Exxon Mobil Corporation $XOM

Essex LLC boosted its position in shares of Exxon Mobil Corporation (NYSE:XOM) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,595 shares of the oil and gas company’s stock after acquiring an additional 432 shares during the period. Essex LLC’s holdings in Exxon Mobil were worth $2,005,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in XOM. Graybill Wealth Management LTD. acquired a new position in shares of Exxon Mobil during the first quarter valued at about $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil during the first quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 238 shares during the last quarter. Game Plan Financial Advisors LLC raised its position in shares of Exxon Mobil by 1,500.0% during the first quarter. Game Plan Financial Advisors LLC now owns 320 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 300 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA acquired a new position in shares of Exxon Mobil during the second quarter valued at about $38,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.45, for a total transaction of $238,351.10. Following the sale, the vice president directly owned 13,829 shares of the company’s stock, valued at $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by company insiders.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $112.20 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $478.35 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.99 and a beta of 0.51. Exxon Mobil Corporation has a 1-year low of $97.80 and a 1-year high of $123.21. The firm’s 50-day moving average price is $111.83 and its two-hundred day moving average price is $109.25.

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 for the quarter. The firm had revenue of $57.55 billion for the quarter. Exxon Mobil had a net margin of 9.17% and a return on equity of 11.34%. On average, equities analysts predict that Exxon Mobil Corporation will post 7.43 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 15th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 15th. Exxon Mobil’s dividend payout ratio is currently 56.25%.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Scotiabank reissued an “outperform” rating on shares of Exxon Mobil in a research note on Thursday, October 9th. Melius initiated coverage on shares of Exxon Mobil in a research note on Wednesday, August 20th. They issued a “hold” rating and a $111.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Exxon Mobil in a research note on Wednesday, October 8th. Bank of America upped their target price on shares of Exxon Mobil from $113.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, September 10th. Finally, TD Cowen upped their target price on shares of Exxon Mobil from $120.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.58.

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.