Gofen & Glossberg LLC IL Sells 208 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 24th, 2023

Gofen & Glossberg LLC IL reduced its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 342,867 shares of the oil and gas company’s stock after selling 208 shares during the quarter. Exxon Mobil comprises 1.0% of Gofen & Glossberg LLC IL’s holdings, making the stock its 28th largest holding. Gofen & Glossberg LLC IL’s holdings in Exxon Mobil were worth $37,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CTC Capital Management LLC acquired a new position in shares of Exxon Mobil in the third quarter worth approximately $1,807,000. WMG Financial Advisors LLC lifted its stake in shares of 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 acquiring an additional 108 shares during the period. Polaris Wealth Advisory Group LLC lifted its stake in shares of 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 acquiring an additional 200,102 shares during the period. Mraz Amerine & Associates Inc. acquired a new position in shares of Exxon Mobil in the fourth quarter worth approximately $246,000. Finally, Accurate Wealth Management LLC lifted its stake in shares of 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 acquiring an additional 2,859 shares during the period. 57.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s 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 transaction, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Down 1.1 %

Shares of NYSE:XOM opened at $103.41 on Friday. The company has a market capitalization of $420.98 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 0.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The business has a fifty day moving average price of $111.23 and a two-hundred day moving average price of $106.68. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the prior year, the company earned $2.05 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.52%. Exxon Mobil’s dividend payout ratio is presently 27.45%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Truist Financial boosted their price target on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, February 1st. HSBC boosted their price target on Exxon Mobil to $111.00 in a research note on Friday, December 2nd. Wells Fargo & Company boosted their price target on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $120.00 to $135.00 in a research note on Tuesday, January 17th. Finally, StockNews.com assumed coverage on Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Exxon Mobil presently has an average 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.