Signature Estate & Investment Advisors LLC Has $1.53 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 21st, 2023

Signature Estate & Investment Advisors LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,842 shares of the oil and gas company’s stock after selling 573 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Exxon Mobil were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Stonnington Group LLC lifted its position in shares of Exxon Mobil by 7.9% during the 4th quarter. Stonnington Group LLC now owns 34,949 shares of the oil and gas company’s stock worth $3,848,000 after purchasing an additional 2,551 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its holdings in shares of Exxon Mobil by 14.3% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 8,984 shares of the oil and gas company’s stock worth $993,000 after buying an additional 1,126 shares during the last quarter. Gleason Group Inc. grew its stake in shares of Exxon Mobil by 0.9% in the fourth quarter. Gleason Group Inc. now owns 16,717 shares of the oil and gas company’s stock worth $1,844,000 after acquiring an additional 144 shares during the last quarter. Aprio Wealth Management LLC grew its stake in shares of Exxon Mobil by 5.6% in the fourth quarter. Aprio Wealth Management LLC now owns 5,002 shares of the oil and gas company’s stock worth $552,000 after acquiring an additional 265 shares during the last quarter. Finally, Telemus Capital LLC raised its stake in Exxon Mobil by 4.6% during the 4th quarter. Telemus Capital LLC now owns 16,404 shares of the oil and gas company’s stock valued at $1,813,000 after purchasing an additional 728 shares during the last quarter. 57.49% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 2.6 %

Shares of NYSE XOM opened at $102.45 on Tuesday. 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 company has a market cap of $417.07 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 0.43 and a beta of 1.09. Exxon Mobil Co. has a 12-month low of $79.29 and a 12-month high of $119.63. The firm’s 50-day simple moving average is $111.62 and its 200 day simple moving average is $106.64.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $90.21 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. Exxon Mobil’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on XOM shares. Citigroup boosted their price objective on shares of Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. Piper Sandler cut their price target on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Barclays lifted their price objective on Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. 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. Finally, StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’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 directly owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is owned by company insiders.

About Exxon Mobil

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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.