Moody National Bank Trust Division Sells 923 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 20th, 2023

Moody National Bank Trust Division reduced its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 74,730 shares of the oil and gas company’s stock after selling 923 shares during the quarter. Exxon Mobil comprises 0.7% of Moody National Bank Trust Division’s investment portfolio, making the stock its 13th largest position. Moody National Bank Trust Division’s holdings in Exxon Mobil were worth $8,243,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Karp Capital Management Corp purchased a new position in shares of Exxon Mobil in the 3rd quarter valued at approximately $28,000. Clear Perspectives Financial Planning LLC raised its stake in Exxon Mobil by 259.0% during the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 272 shares during the last quarter. Align Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter valued at $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake in Exxon Mobil by 61.7% during 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 buying an additional 169 shares during the last quarter. Finally, Horizons Wealth Management purchased a new position in Exxon Mobil during the second quarter valued at $41,000. 57.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on XOM shares. Citigroup lifted their price objective on Exxon Mobil from $98.00 to $110.00 in a research note on Tuesday, November 22nd. HSBC lifted their price objective on Exxon Mobil to $111.00 in a research note on Friday, December 2nd. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Argus lifted their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Finally, Bank of America lifted their target price on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.64.

Exxon Mobil Stock Performance

NYSE:XOM opened at $99.84 on Monday. The stock has a 50-day simple moving average of $111.74 and a two-hundred day simple 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 debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The firm has a market capitalization of $406.45 billion, a PE ratio of 7.53, a P/E/G ratio of 0.43 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 10.08 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.65%. Exxon Mobil’s payout ratio is 27.45%.

Exxon Mobil Company 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.

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

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