Denali Advisors LLC Acquires Shares of 10,100 Exxon Mobil Co. (NYSE:XOM)

Denali Advisors LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 10,100 shares of the oil and gas company’s stock, valued at approximately $1,174,000.

A number of other large investors have also recently made changes to their positions in XOM. PFS Partners LLC boosted its stake in Exxon Mobil by 0.5% during the 1st quarter. PFS Partners LLC now owns 18,836 shares of the oil and gas company’s stock valued at $2,190,000 after purchasing an additional 89 shares during the period. Auxier Asset Management boosted its position in shares of Exxon Mobil by 0.8% during the third quarter. Auxier Asset Management now owns 12,963 shares of the oil and gas company’s stock worth $1,524,000 after buying an additional 97 shares during the period. Boltwood Capital Management grew its holdings in Exxon Mobil by 0.4% in the 4th quarter. Boltwood Capital Management now owns 25,445 shares of the oil and gas company’s stock worth $2,544,000 after buying an additional 98 shares in the last quarter. Stolper Co increased its position in Exxon Mobil by 0.4% in the 1st quarter. Stolper Co now owns 23,809 shares of the oil and gas company’s stock valued at $2,768,000 after acquiring an additional 98 shares during the period. Finally, CMG Global Holdings LLC raised its stake in Exxon Mobil by 0.4% during the 4th quarter. CMG Global Holdings LLC now owns 23,939 shares of the oil and gas company’s stock valued at $2,483,000 after acquiring an additional 99 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XOM has been the subject of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target on shares of Exxon Mobil in a research note on Wednesday, May 15th. UBS Group raised their target price on shares of Exxon Mobil from $152.00 to $154.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Scotiabank boosted their price target on shares of Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial reiterated a “hold” rating and issued a $124.00 price objective (down from $146.00) on shares of Exxon Mobil in a report on Friday, June 7th. Finally, Piper Sandler boosted their target price on Exxon Mobil from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $133.82.

Exxon Mobil Price Performance

NYSE XOM opened at $114.76 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The company has a market cap of $452.50 billion, a PE ratio of 14.06, a PEG ratio of 4.15 and a beta of 0.91. The stock’s 50-day moving average price is $114.88 and its two-hundred day moving average price is $109.95.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 9.62% and a return on equity of 16.75%. The firm had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same quarter in the prior year, the firm earned $2.83 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, analysts predict that Exxon Mobil Co. will post 9.23 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th were issued a $0.95 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.31%. Exxon Mobil’s payout ratio is currently 46.57%.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total transaction of $288,718.26. Following the transaction, the vice president now directly owns 25,363 shares of the company’s stock, valued at $3,018,450.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by insiders.

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.