Aurora Private Wealth Inc. Has $1.52 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 24th, 2023

Aurora Private Wealth Inc. trimmed its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,807 shares of the oil and gas company’s stock after selling 2,174 shares during the period. Exxon Mobil accounts for 1.7% of Aurora Private Wealth Inc.’s holdings, making the stock its 13th largest position. Aurora Private Wealth Inc.’s holdings in Exxon Mobil were worth $1,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Price T Rowe Associates Inc. MD raised its position in shares of Exxon Mobil by 94.1% in the third 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 buying an additional 19,230,872 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Exxon Mobil by 1,505.5% in the second 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 bought a new position in Exxon Mobil in the third quarter valued at approximately $347,253,000. Legal & General Group Plc increased its stake in Exxon Mobil by 14.3% in the second 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. Finally, Dimensional Fund Advisors LP increased its stake in Exxon Mobil by 12.3% in the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock valued at $2,468,477,000 after acquiring an additional 3,094,957 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

XOM stock opened at $103.41 on Friday. The company’s fifty day simple moving average is $111.23 and its 200 day simple moving average is $106.68. Exxon Mobil Co. has a 12-month low of $79.29 and a 12-month high of $119.63. The firm has a market cap of $420.98 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.44 and a beta of 1.09. 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 (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 for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on XOM shares. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Piper Sandler decreased their target price on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Barclays boosted their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Argus boosted their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. 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, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $121.64.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 1st. The shares were 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 in the company, valued at $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.