Guardian Investment Management Sells 700 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 23rd, 2023

Guardian Investment Management trimmed its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,874 shares of the oil and gas company’s stock after selling 700 shares during the quarter. Exxon Mobil accounts for 1.8% of Guardian Investment Management’s portfolio, making the stock its 22nd largest holding. Guardian Investment Management’s holdings in Exxon Mobil were worth $1,861,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CTC Capital Management LLC bought a new position in Exxon Mobil in the third quarter worth $1,807,000. WMG Financial Advisors LLC lifted its position in Exxon Mobil by 0.9% in the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 108 shares during the period. Polaris Wealth Advisory Group LLC lifted its position in Exxon Mobil by 3,880.2% in the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after purchasing an additional 200,102 shares during the period. Mraz Amerine & Associates Inc. bought a new position in Exxon Mobil in the fourth quarter worth $246,000. Finally, Accurate Wealth Management LLC lifted its position in Exxon Mobil by 4.7% in the fourth quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock worth $6,944,000 after purchasing an additional 2,859 shares during the period. 57.49% of the stock is owned by institutional investors.

Exxon Mobil Price Performance

Shares of XOM stock opened at $104.59 on Thursday. The stock has a 50-day moving average price of $111.42 and a 200 day moving average price of $106.71. 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 firm has a market cap of $425.78 billion, a price-to-earnings ratio of 7.89, a PEG 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.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The firm 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%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $2.05 earnings per share. Research analysts expect that Exxon Mobil Co. will post 10.08 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors 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 dividend on an annualized basis and a yield of 3.48%. Exxon Mobil’s payout ratio is 27.45%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 completion of the sale, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on XOM. B. Riley raised their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Mizuho increased their price objective on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Wells Fargo & Company increased their price objective on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Finally, Bank of America increased their price objective on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. 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, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average price target of $121.64.

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.