LVZ Inc. Has $419,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 25th, 2023

LVZ Inc. decreased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,795 shares of the oil and gas company’s stock after selling 319 shares during the period. LVZ Inc.’s holdings in Exxon Mobil were worth $419,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. AEGON ASSET MANAGEMENT UK Plc acquired a new position in Exxon Mobil during the fourth quarter worth $1,278,000. Newbridge Financial Services Group Inc. grew its stake in shares of Exxon Mobil by 65.4% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 20,299 shares of the oil and gas company’s stock worth $2,239,000 after acquiring an additional 8,029 shares in the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of Exxon Mobil in the 4th quarter worth $2,414,000. Gallacher Capital Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter worth $301,000. Finally, FSC Wealth Advisors LLC grew its stake in shares of Exxon Mobil by 172.7% in the 4th quarter. FSC Wealth Advisors LLC now owns 1,571 shares of the oil and gas company’s stock worth $173,000 after acquiring an additional 995 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on XOM shares. StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating for the company. HSBC upped their target price on shares of Exxon Mobil to $111.00 in a research note on Friday, December 2nd. Piper Sandler reduced their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Bank of America increased their price target on shares of Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Finally, B. Riley increased their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and an average price target of $121.64.

Exxon Mobil Trading Up 0.1 %

Shares of Exxon Mobil stock opened at $103.53 on Friday. Exxon Mobil Co. has a 12-month low of $79.29 and a 12-month high of $119.63. The company has a market cap of $421.47 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.45 and a beta of 1.09. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $111.04 and its 200-day moving average price is $106.74.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $90.21 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis 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 firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.

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.