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Circle Wealth Management LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Circle Wealth Management LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOMGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,106 shares of the oil and gas company’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of XOM. Guardian Wealth Management Inc. bought a new position in shares of Exxon Mobil during the 4th quarter valued at $30,000. GW&K Investment Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at $32,000. Core Wealth Advisors Inc. lifted its holdings in shares of Exxon Mobil by 454.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 610 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 500 shares during the period. GoalVest Advisory LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at $38,000. Finally, Dravo Bay LLC bought a new position in shares of Exxon Mobil during the 1st quarter valued at $38,000. 56.84% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 1.7 %

XOM opened at $96.50 on Friday. The firm has a market cap of $402.18 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.32 and a beta of 1.07. Exxon Mobil Co. has a 12 month low of $52.96 and a 12 month high of $105.57. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $91.45 and a 200 day moving average of $89.01.

Exxon Mobil (NYSE:XOMGet Rating) last released its quarterly earnings results on Friday, July 29th. The oil and gas company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.74 by $0.40. The company had revenue of $115.68 billion during the quarter, compared to analyst estimates of $111.67 billion. Exxon Mobil had a return on equity of 23.82% and a net margin of 10.67%. The firm’s revenue was up 70.8% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 12.69 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 12th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, August 11th. Exxon Mobil’s payout ratio is currently 38.51%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $94.60, for a total value of $236,500.00. Following the completion of the sale, the vice president now owns 27,863 shares of the company’s stock, valued at $2,635,839.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey W. Ubben acquired 960,000 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was purchased at an average cost of $88.51 per share, with a total value of $84,969,600.00. Following the purchase, the director now owns 1,137,000 shares of the company’s stock, valued at $100,635,870. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Citigroup raised their target price on Exxon Mobil from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, May 19th. Bank of America raised their target price on Exxon Mobil from $120.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Piper Sandler raised Exxon Mobil from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $102.00 to $109.00 in a report on Tuesday, July 19th. Evercore ISI raised Exxon Mobil from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $88.00 to $120.00 in a report on Tuesday, June 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Exxon Mobil in a report on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Hold” and a consensus price target of $96.74.

About Exxon Mobil

(Get Rating)

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; manufactures and sells petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals; and captures and stores carbon, hydrogen, and biofuels.

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