Harbour Capital Advisors LLC Purchases 816 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 23rd, 2023

Harbour Capital Advisors LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,364 shares of the oil and gas company’s stock after purchasing an additional 816 shares during the quarter. Exxon Mobil comprises 1.7% of Harbour Capital Advisors LLC’s holdings, making the stock its 11th biggest position. Harbour Capital Advisors LLC’s holdings in Exxon Mobil were worth $5,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of XOM. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 94.1% in 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 last quarter. FMR LLC boosted its holdings in shares of Exxon Mobil by 14.9% in 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 last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Exxon Mobil by 1,505.5% in 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 last quarter. Great West Life Assurance Co. Can purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at $347,253,000. Finally, Legal & General Group Plc boosted its holdings in shares of Exxon Mobil by 14.3% in 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 last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Stock Down 2.3 %

Exxon Mobil stock opened at $104.59 on Thursday. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two 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 50 day moving average price of $111.42 and a 200 day moving average price of $106.71. The company has a market capitalization of $425.78 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.44 and a beta of 1.09.

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

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.48%. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. Argus increased their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Mizuho upped their price objective on shares of Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Barclays upped their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Finally, Truist Financial upped their price objective 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. One research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.64.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’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 owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

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.