Exxon Mobil Co. (NYSE:XOM) Shares Sold by Platform Technology Partners

Posted by Defense World Staff on Mar 20th, 2023

Platform Technology Partners trimmed its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,526 shares of the oil and gas company’s stock after selling 465 shares during the period. Platform Technology Partners’ holdings in Exxon Mobil were worth $1,382,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Karp Capital Management Corp purchased a new position in shares of Exxon Mobil in the third quarter valued at $28,000. Clear Perspectives Financial Planning LLC increased its holdings in Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new position in Exxon Mobil during the fourth quarter worth about $38,000. Mine & Arao Wealth Creation & Management LLC. lifted its holdings in shares of Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Horizons Wealth Management acquired a new stake in shares of Exxon Mobil in the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $99.84 on Monday. The firm has a fifty day moving average of $111.74 and a 200-day moving average of $106.58. Exxon Mobil Co. has a 52-week low of $78.10 and a 52-week high of $119.63. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $406.45 billion, a P/E ratio of 7.53, a PEG ratio of 0.43 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.05 EPS. As a group, analysts predict that Exxon Mobil Co. will post 10.08 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio is presently 27.45%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Bank of America upped their target price on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. Piper Sandler decreased their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Wells Fargo & Company boosted their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Truist Financial raised their target price on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, February 1st. Finally, Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.64.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Profile

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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.