1,858 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Dixon Fnancial Services Inc.

Posted by on Mar 28th, 2023

Dixon Fnancial Services Inc. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,858 shares of the oil and gas company’s stock, valued at approximately $205,000. Exxon Mobil comprises 0.1% of Dixon Fnancial Services Inc.’s investment portfolio, making the stock its 24th biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Karp Capital Management Corp acquired a new stake in Exxon Mobil in the third quarter worth $28,000. Clear Perspectives Financial Planning LLC increased its position in Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after buying an additional 272 shares during the period. Align Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter worth $38,000. Mine & Arao Wealth Creation & Management LLC. increased its position in Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after buying an additional 169 shares during the period. Finally, Horizons Wealth Management acquired a new stake in Exxon Mobil in the second quarter worth $41,000. 57.49% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The stock was 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 directly owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. B. Riley increased their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Barclays raised their price target on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Mizuho raised their price target on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Scotiabank raised 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 report on Tuesday, January 17th. Finally, Piper Sandler lowered their price target on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Trading Up 2.2 %

NYSE:XOM opened at $105.80 on Tuesday. 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 1-year low of $79.29 and a 1-year high of $119.63. The firm has a market capitalization of $430.71 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 0.45 and a beta of 1.09. The stock has a fifty day simple moving average of $110.89 and a 200 day simple moving average of $106.99.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $90.21 billion. During the same quarter last year, the company posted $2.05 EPS. Exxon Mobil’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

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.

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

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