Exxon Mobil Co. (NYSE:XOM) Shares Bought by Moulton Wealth Management Inc.

Posted by Defense World Staff on Mar 20th, 2023

Moulton Wealth Management Inc. increased its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,198 shares of the oil and gas company’s stock after purchasing an additional 106 shares during the period. Exxon Mobil accounts for about 4.6% of Moulton Wealth Management Inc.’s portfolio, making the stock its 5th largest position. Moulton Wealth Management Inc.’s holdings in Exxon Mobil were worth $1,347,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in Exxon Mobil by 94.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after acquiring an additional 19,230,872 shares during the period. FMR LLC lifted its stake in Exxon Mobil by 14.9% during the 2nd quarter. FMR LLC now owns 135,144,175 shares of the oil and gas company’s stock valued at $11,573,746,000 after acquiring an additional 17,521,080 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Exxon Mobil by 1,505.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock valued at $833,291,000 after acquiring an additional 9,124,095 shares during the period. Great West Life Assurance Co. Can acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $347,253,000. Finally, Legal & General Group Plc lifted its stake in Exxon Mobil by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after acquiring an additional 3,131,617 shares during the period. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

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

Exxon Mobil (NYSE:XOM – Get Rating) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. 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 prior year, the firm earned $2.05 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday. They set a “hold” rating for the company. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Barclays lifted their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Cowen lifted their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Finally, Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. One research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.

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 shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.