Exxon Mobil Co. (NYSE:XOM) Shares Bought by Hanson & Doremus Investment Management

Posted by Defense World Staff on Mar 28th, 2023

Hanson & Doremus Investment Management grew its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 26.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,974 shares of the oil and gas company’s stock after purchasing an additional 5,382 shares during the period. Hanson & Doremus Investment Management’s holdings in Exxon Mobil were worth $2,865,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Exxon Mobil by 94.1% during the 3rd 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 purchasing an additional 19,230,872 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after buying an additional 560,517 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Exxon Mobil by 12.3% in the 3rd 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 buying an additional 3,094,957 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Exxon Mobil by 14.3% in the 2nd 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 buying an additional 3,131,617 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Exxon Mobil by 6.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 13,564,255 shares of the oil and gas company’s stock worth $1,161,643,000 after buying an additional 849,804 shares in the last quarter. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on XOM shares. Barclays boosted their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. B. Riley boosted their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Cowen boosted their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. Bank of America boosted their price objective on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Finally, Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.64.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the 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 completion of the sale, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Up 2.2 %

NYSE XOM opened at $105.80 on Tuesday. Exxon Mobil Co. has a 12 month low of $79.29 and a 12 month high of $119.63. The company has a 50-day moving average of $110.89 and a 200-day moving average of $106.99. 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 company has a market cap of $430.71 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.45 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The company had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.05 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

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.