Exxon Mobil Co. (NYSE:XOM) Shares Purchased by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp raised its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,928 shares of the oil and gas company’s stock after buying an additional 183 shares during the quarter. Exxon Mobil comprises about 1.2% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 24th biggest position. MADDEN SECURITIES Corp’s holdings in Exxon Mobil were worth $2,640,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. McElhenny Sheffield Capital Management LLC lifted its stake in shares of Exxon Mobil by 4.3% during the 2nd quarter. McElhenny Sheffield Capital Management LLC now owns 65,941 shares of the oil and gas company’s stock worth $7,591,000 after purchasing an additional 2,716 shares during the period. Smith Anglin Financial LLC lifted its stake in shares of Exxon Mobil by 73.2% during the 2nd quarter. Smith Anglin Financial LLC now owns 38,059 shares of the oil and gas company’s stock worth $4,381,000 after purchasing an additional 16,091 shares during the period. Cyr Financial Inc. purchased a new position in shares of Exxon Mobil during the 2nd quarter worth $229,000. O Keefe Stevens Advisory Inc. lifted its stake in shares of Exxon Mobil by 2.0% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 22,648 shares of the oil and gas company’s stock worth $2,607,000 after purchasing an additional 437 shares during the period. Finally, Csenge Advisory Group lifted its stake in shares of Exxon Mobil by 1.9% during the 2nd quarter. Csenge Advisory Group now owns 90,657 shares of the oil and gas company’s stock worth $10,436,000 after purchasing an additional 1,658 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Exxon Mobil Stock Up 1.9 %

NYSE XOM traded up $2.21 during trading hours on Thursday, hitting $117.89. The company had a trading volume of 13,849,642 shares, compared to its average volume of 17,434,230. The firm’s 50 day moving average is $114.14 and its 200 day moving average is $112.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.38 and a quick ratio of 1.06. The company has a market capitalization of $464.84 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 4.51 and a beta of 0.91. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75.

Exxon Mobil (NYSE:XOM) last announced its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.10. The company had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. Sell-side analysts anticipate that Exxon Mobil Co. will post 8.65 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s dividend payout ratio is presently 46.57%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XOM shares. HSBC increased their price target on Exxon Mobil from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $145.00 target price on shares of Exxon Mobil in a research report on Wednesday, May 15th. Mizuho increased their target price on Exxon Mobil from $125.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $135.00 target price on shares of Exxon Mobil in a research report on Tuesday, July 9th. Finally, Truist Financial cut their target price on Exxon Mobil from $124.00 to $121.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $134.39.

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.