TradeLink Capital LLC Acquires Shares of 9,200 Exxon Mobil Co. (NYSE:XOM)

TradeLink Capital LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM) in the 2nd quarter, HoldingsChannel reports. The firm acquired 9,200 shares of the oil and gas company’s stock, valued at approximately $411,000. Exxon Mobil accounts for approximately 1.7% of TradeLink Capital LLC’s portfolio, making the stock its 21st largest holding.

Several other large investors also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV increased its holdings in shares of Exxon Mobil by 2.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,524 shares of the oil and gas company’s stock worth $324,000 after buying an additional 232 shares in the last quarter. JGP Wealth Management LLC increased its holdings in shares of Exxon Mobil by 1.8% during the second quarter. JGP Wealth Management LLC now owns 13,244 shares of the oil and gas company’s stock worth $571,000 after buying an additional 239 shares in the last quarter. Portfolio Solutions LLC increased its holdings in shares of Exxon Mobil by 3.7% during the first quarter. Portfolio Solutions LLC now owns 6,818 shares of the oil and gas company’s stock worth $259,000 after buying an additional 246 shares in the last quarter. TrinityPoint Wealth LLC increased its holdings in shares of Exxon Mobil by 1.8% during the first quarter. TrinityPoint Wealth LLC now owns 14,072 shares of the oil and gas company’s stock worth $534,000 after buying an additional 252 shares in the last quarter. Finally, Whitener Capital Management Inc. increased its holdings in shares of Exxon Mobil by 0.5% during the first quarter. Whitener Capital Management Inc. now owns 49,830 shares of the oil and gas company’s stock worth $1,892,000 after buying an additional 261 shares in the last quarter. Institutional investors own 52.16% of the company’s stock.

Several research analysts have recently issued reports on the stock. Scotiabank lowered their price target on shares of Exxon Mobil from $50.00 to $47.00 and set a “sector underperform” rating for the company in a report on Monday, July 13th. JPMorgan Chase & Co. restated a “hold” rating and issued a $51.00 price objective on shares of Exxon Mobil in a report on Tuesday, June 9th. UBS Group increased their price objective on Exxon Mobil from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Cowen restated a “hold” rating and issued a $34.00 price objective on shares of Exxon Mobil in a report on Thursday, July 2nd. Finally, Piper Sandler increased their price objective on Exxon Mobil from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Five analysts have rated the stock with a sell rating, twenty-two have given a hold rating and one has assigned a buy rating to the stock. Exxon Mobil presently has a consensus rating of “Hold” and a consensus target price of $53.17.

Shares of XOM stock traded up $0.21 on Friday, reaching $42.08. 32,123,002 shares of the company were exchanged, compared to its average volume of 18,976,564. The company has a market cap of $177.04 billion, a price-to-earnings ratio of 15.76 and a beta of 1.33. The company has a 50-day moving average of $44.44 and a 200-day moving average of $48.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.78 and a quick ratio of 0.52. Exxon Mobil Co. has a one year low of $30.11 and a one year high of $75.66.

Exxon Mobil (NYSE:XOM) last released its quarterly earnings data on Friday, July 31st. The oil and gas company reported ($0.70) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.09). The company had revenue of $32.61 billion for the quarter, compared to the consensus estimate of $38.16 billion. Exxon Mobil had a return on equity of 5.15% and a net margin of 4.42%. Exxon Mobil’s revenue for the quarter was down 52.8% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. As a group, sell-side analysts predict that Exxon Mobil Co. will post -0.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 13th will be given a $0.87 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $3.48 annualized dividend and a yield of 8.27%. Exxon Mobil’s payout ratio is 154.67%.

Exxon Mobil Profile

Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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