My Personal CFO LLC Buys 300 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 21st, 2023

My Personal CFO LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 15,000.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 302 shares of the oil and gas company’s stock after purchasing an additional 300 shares during the quarter. My Personal CFO LLC’s holdings in Exxon Mobil were worth $262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pacific Wealth Strategies Group Inc. bought a new stake in Exxon Mobil during the 4th quarter valued at approximately $221,000. Cairn Investment Group Inc. raised its stake in Exxon Mobil by 5.8% during the 4th quarter. Cairn Investment Group Inc. now owns 13,636 shares of the oil and gas company’s stock valued at $1,504,000 after purchasing an additional 748 shares during the period. D. Scott Neal Inc. raised its stake in Exxon Mobil by 34.3% during the 4th quarter. D. Scott Neal Inc. now owns 4,557 shares of the oil and gas company’s stock valued at $503,000 after purchasing an additional 1,164 shares during the period. Verity & Verity LLC grew its holdings in Exxon Mobil by 3.8% during the 4th quarter. Verity & Verity LLC now owns 141,951 shares of the oil and gas company’s stock valued at $15,657,000 after buying an additional 5,244 shares in the last quarter. Finally, Stonnington Group LLC grew its holdings in 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 valued at $3,848,000 after buying an additional 2,551 shares in the last quarter. Institutional investors own 57.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial raised their price target on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, February 1st. Cowen raised their price target on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Barclays raised their price target on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Citigroup raised their price target on Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. Finally, Wells Fargo & Company raised their price target on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. One 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 has an average rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Price Performance

Shares of XOM stock opened at $102.45 on Tuesday. 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 stock has a 50 day moving average price of $111.62 and a 200 day moving average price of $106.64. The firm has a market capitalization of $417.07 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.43 and a beta of 1.09. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week high of $119.63.

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

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a 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%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the sale, the vice president now directly 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 the SEC website. 0.04% of the stock is currently owned by corporate insiders.

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.