U.S. Capital Wealth Advisors Increases Exxon Mobil Stake by 3.3%

U.S. Capital Wealth Advisors LLC has elevated its stake in Exxon Mobil Corporation (NYSE: XOM) by 3.3% during the third quarter, as detailed in its most recent filing with the Securities and Exchange Commission. Following the acquisition of an additional 9,831 shares, the firm now holds a total of 306,658 shares in the oil and gas giant. This investment constitutes approximately 0.9% of U.S. Capital Wealth Advisors’ overall portfolio, ranking Exxon Mobil as its 13th largest holding. As of the latest reporting period, these shares were valued at about $34.58 million.

Several other institutional investors have also adjusted their positions in Exxon Mobil. Norges Bank acquired a new stake valued at approximately $6.16 billion in the second quarter. Meanwhile, Kingstone Capital Partners Texas LLC invested around $607.62 million during the same period.

Additionally, First Trust Advisors LP increased its holdings by 150.2%, acquiring a total of 7,602,601 shares, which are now worth $819.56 million. Similarly, Cerity Partners LLC raised its stake by 200.7%, bringing its total to 2,014,446 shares, valued at $217.16 million. In a remarkable move, Laurel Wealth Advisors LLC expanded its position by an astonishing 10,809.8%, now holding 3,095,106 shares worth $333.65 million. Collectively, institutional investors own approximately 61.80% of Exxon Mobil’s stock.

In a separate transaction, Darrin L. Talley, Vice President of Exxon Mobil, sold 3,000 shares on December 17 at an average price of $117.19, totaling $351,570. Following this sale, Talley retained 28,584 shares, valued at about $3.35 million. This transaction marks a decrease of 9.50% in his position. Insiders currently hold 0.03% of the stock.

Exxon Mobil’s Recent Performance and Changes in Dividends

Exxon Mobil’s stock opened at $116.56 on Friday, with a 50-day moving average of $115.93 and a 200-day moving average of $112.70. The company has experienced a 52-week low of $97.80 and a high of $120.81. Financial metrics indicate a market capitalization of approximately $491.57 billion, a P/E ratio of 16.94, and a beta of 0.38. The company reported earnings of $0.65 per share for the last quarter, with revenues totaling $57.55 billion. Analysts project that Exxon Mobil will achieve earnings per share of $7.43 for the current year.

Recently, Exxon Mobil announced a quarterly dividend of $1.03, which was distributed on December 10 to investors on record as of November 14. This represents an annualized dividend of $4.12 and yields approximately 3.5%, reflecting an increase from the previous dividend of $0.99. The company’s payout ratio stands at 59.88%.

Exxon Mobil Corporation operates as an integrated oil and gas entity, engaging in the exploration, production, refining, and marketing of petroleum products and petrochemicals. The company’s extensive operations encompass the full energy value chain, including upstream exploration and development, midstream transportation and storage, and downstream refining and distribution. ExxonMobil markets its products under established brands such as Exxon, Mobil, and Esso, including its well-known Mobil 1 motor oil.