Papp L Roy & Associates Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Posted by on Mar 26th, 2023

Papp L Roy & Associates trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,311 shares of the oil and gas company’s stock after selling 700 shares during the quarter. Papp L Roy & Associates’ holdings in Exxon Mobil were worth $1,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Financial Wealth Advisors LLC increased its holdings in shares of Exxon Mobil by 3.4% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 18,805 shares of the oil and gas company’s stock valued at $2,074,000 after acquiring an additional 615 shares in the last quarter. Bay Rivers Group purchased a new position in shares of Exxon Mobil in the fourth quarter worth $220,000. Veery Capital LLC grew its holdings in shares of Exxon Mobil by 15.1% during the fourth quarter. Veery Capital LLC now owns 2,848 shares of the oil and gas company’s stock valued at $314,000 after buying an additional 373 shares during the last quarter. IVC Wealth Advisors LLC lifted its position in Exxon Mobil by 8.0% during the 4th quarter. IVC Wealth Advisors LLC now owns 8,367 shares of the oil and gas company’s stock worth $923,000 after acquiring an additional 617 shares during the period. Finally, Asset Planning Services Inc. LA ADV raised its stake in shares of Exxon Mobil by 0.3% in the fourth quarter. Asset Planning Services Inc. LA ADV now owns 46,925 shares of the oil and gas company’s stock worth $5,176,000 after purchasing an additional 150 shares during the last quarter. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Exxon Mobil stock opened at $103.53 on Friday. 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 50 day simple moving average of $111.04 and a 200-day simple moving average of $106.82. The stock has a market capitalization of $421.47 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.45 and a beta of 1.09. Exxon Mobil Co. has a 12 month low of $79.29 and a 12 month high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results 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 company had revenue of $95.43 billion for 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 revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.05 earnings per share. Equities analysts predict that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

XOM has been the topic of several research reports. HSBC increased their price target on shares of Exxon Mobil to $111.00 in a report on Friday, December 2nd. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Mizuho lifted their price target on Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Cowen lifted their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Finally, Argus increased their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.64.

Insider Transactions at Exxon Mobil

In related 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 value of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

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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