Brooktree Capital Management Buys Shares of 10,076 Exxon Mobil Corporation $XOM

Brooktree Capital Management bought a new stake in shares of Exxon Mobil Corporation (NYSE:XOM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,076 shares of the oil and gas company’s stock, valued at approximately $1,086,000. Exxon Mobil makes up about 0.7% of Brooktree Capital Management’s holdings, making the stock its 20th biggest holding.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Exxon Mobil in the first quarter worth $2,730,414,000. GQG Partners LLC grew its position in Exxon Mobil by 15,135.7% during the first quarter. GQG Partners LLC now owns 10,071,077 shares of the oil and gas company’s stock worth $1,197,753,000 after buying an additional 10,004,975 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in Exxon Mobil during the second quarter worth about $607,621,000. Ameriprise Financial Inc. boosted its position in shares of Exxon Mobil by 10.8% during the 1st quarter. Ameriprise Financial Inc. now owns 27,017,683 shares of the oil and gas company’s stock valued at $3,213,848,000 after acquiring an additional 2,639,797 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Exxon Mobil by 72.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,549,909 shares of the oil and gas company’s stock valued at $598,280,000 after acquiring an additional 2,332,293 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,158 shares of the business’s stock in a transaction 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 owned 13,829 shares in the company, valued at approximately $1,527,413.05. The trade was a 13.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Bank of America increased their price target on shares of Exxon Mobil from $113.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Scotiabank reiterated an “outperform” rating on shares of Exxon Mobil in a research report on Monday. Barclays dropped their price target on Exxon Mobil from $127.00 to $126.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Mizuho dropped their price target on Exxon Mobil from $124.00 to $123.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Finally, Melius started coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a “hold” rating and a $111.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $128.50.

Exxon Mobil Stock Performance

Shares of XOM opened at $113.73 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.25 and a quick ratio of 0.88. Exxon Mobil Corporation has a one year low of $97.80 and a one year high of $123.21. The company has a 50-day simple moving average of $113.37 and a two-hundred day simple moving average of $110.16. The firm has a market capitalization of $484.86 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 2.06 and a beta of 0.49.

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

Exxon Mobil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.03 per share. This is a boost from Exxon Mobil’s previous quarterly dividend of $0.99. The ex-dividend date is Friday, November 14th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.6%. Exxon Mobil’s dividend payout ratio (DPR) is presently 59.88%.

Exxon Mobil 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.