Godsey & Gibb Inc. Makes New $5.91 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Posted by on Mar 28th, 2023

Godsey & Gibb Inc. bought a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 53,619 shares of the oil and gas company’s stock, valued at approximately $5,914,000. Exxon Mobil makes up 1.1% of Godsey & Gibb Inc.’s holdings, making the stock its 28th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in the business. Karp Capital Management Corp acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC raised its holdings in shares of Exxon Mobil by 259.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the 4th quarter valued at $38,000. Mine & Arao Wealth Creation & Management LLC. raised its holdings in shares of Exxon Mobil by 61.7% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Horizons Wealth Management acquired a new stake in shares of Exxon Mobil in the 2nd quarter valued at $41,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Up 2.2 %

Shares of NYSE:XOM opened at $105.80 on Tuesday. The company has a market cap of $430.71 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 0.45 and a beta of 1.09. The firm’s 50-day simple moving average is $110.89 and its 200-day simple moving average is $106.99. 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 Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63.

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, beating the consensus estimate of $3.32 by $0.08. The business had revenue of $95.43 billion for 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 business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.05 earnings per share. As a group, equities research 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. Shareholders 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 payout ratio is currently 27.45%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on XOM. B. Riley raised their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Argus lifted their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Truist Financial lifted their price target on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 1st. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Barclays lifted their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated 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 transaction, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by company insiders.

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.

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

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