Exxon Mobil Co. (NYSE:XOM) is Cadent Capital Advisors LLC’s 8th Largest Position

Posted by Defense World Staff on Mar 23rd, 2023

Cadent Capital Advisors LLC increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,979 shares of the oil and gas company’s stock after purchasing an additional 3,815 shares during the quarter. Exxon Mobil makes up 2.4% of Cadent Capital Advisors LLC’s holdings, making the stock its 8th largest position. Cadent Capital Advisors LLC’s holdings in Exxon Mobil were worth $4,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. Karp Capital Management Corp purchased a new stake in Exxon Mobil in the third quarter valued at about $28,000. Clear Perspectives Financial Planning LLC raised its stake in Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 272 shares during the last quarter. Align Wealth Management LLC purchased a new stake in Exxon Mobil in the fourth quarter valued at about $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake in Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 169 shares during the last quarter. Finally, Horizons Wealth Management purchased a new stake in Exxon Mobil in the second quarter valued at about $41,000. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 2.3 %

Exxon Mobil stock opened at $104.59 on Thursday. 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 Co. has a 52 week low of $79.29 and a 52 week high of $119.63. The business’s 50-day moving average price is $111.42 and its 200 day moving average price is $106.71. The firm has a market cap of $425.78 billion, a price-to-earnings 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 issued its quarterly earnings data 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 return on equity of 31.25% and a net margin of 13.47%. The company had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same period last year, the company earned $2.05 earnings per share. Exxon Mobil’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on XOM. Piper Sandler decreased their price target on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. B. Riley increased their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. HSBC increased their price objective on Exxon Mobil to $111.00 in a report on Friday, December 2nd. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Finally, Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.

Exxon Mobil 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.