First Heartland Consultants Inc. Reduces Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by on Mar 24th, 2023

First Heartland Consultants Inc. reduced its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,808 shares of the oil and gas company’s stock after selling 891 shares during the period. First Heartland Consultants Inc.’s holdings in Exxon Mobil were worth $1,302,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $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 position in Exxon Mobil by 1,505.5% during 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 worth $833,291,000 after buying an additional 9,124,095 shares in the last quarter. Great West Life Assurance Co. Can purchased a new position in Exxon Mobil during the third quarter worth $347,253,000. Legal & General Group Plc boosted its holdings in shares of Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after purchasing an additional 3,131,617 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Exxon Mobil by 12.3% during the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after purchasing an additional 3,094,957 shares during the last quarter. 57.49% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 1.1 %

Shares of NYSE XOM opened at $103.41 on Friday. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year 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 debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The stock’s 50-day simple moving average is $111.23 and its 200-day simple moving average is $106.68.

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. 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%. Exxon Mobil’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 earnings per share. As a group, equities analysts anticipate that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal 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 issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.52%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio is currently 27.45%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s 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 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 this link. 0.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Argus raised their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. Truist Financial lifted their target price on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, February 1st. Cowen lifted their target price on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Finally, Redburn Partners cut Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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