Aletheian Wealth Advisors LLC Invests $233,000 in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 26th, 2023

Aletheian Wealth Advisors LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,113 shares of the oil and gas company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Axiom Financial Strategies LLC grew its stake in shares of Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new stake in Exxon Mobil during the first quarter worth about $275,000. Loomis Sayles & Co. L P grew its position in Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after buying an additional 13,065 shares during the period. Ergoteles LLC increased its holdings in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil during the 1st quarter valued at approximately $237,000. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $103.53 on Friday. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The firm’s 50 day moving average is $111.04 and its two-hundred day moving average is $106.82. The company has a market cap of $421.47 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.45 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 issued its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same period last year, the company posted $2.05 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts expect that Exxon Mobil Co. will post 10.08 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced 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. 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 payout ratio is currently 27.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. B. Riley upped their price target 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 raised their price target for the company from $120.00 to $135.00 in a research report on Tuesday, January 17th. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Mizuho raised their target price on shares of Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Finally, Cowen upped their price target 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. 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 stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $121.64.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on 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 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 is available at this link. Corporate 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.