Altus Wealth Group LLC Sells 1,188 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Mar 28th, 2023

Altus Wealth Group LLC lessened its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,292 shares of the oil and gas company’s stock after selling 1,188 shares during the quarter. Exxon Mobil makes up approximately 0.9% of Altus Wealth Group LLC’s portfolio, making the stock its 22nd biggest holding. Altus Wealth Group LLC’s holdings in Exxon Mobil were worth $1,246,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CTC Capital Management LLC bought a new stake in Exxon Mobil during the 3rd quarter valued at $1,807,000. WMG Financial Advisors LLC raised its holdings in Exxon Mobil by 0.9% during the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after acquiring an additional 108 shares during the period. Polaris Wealth Advisory Group LLC raised its holdings in Exxon Mobil by 3,880.2% during the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after acquiring an additional 200,102 shares during the period. Mraz Amerine & Associates Inc. bought a new stake in Exxon Mobil during the 4th quarter valued at $246,000. Finally, Accurate Wealth Management LLC raised its holdings in Exxon Mobil by 4.7% during the 4th quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock valued at $6,944,000 after acquiring an additional 2,859 shares during the period. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $105.80 on Tuesday. The company has a 50-day simple moving average of $110.89 and a two-hundred day simple moving average of $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 12-month low of $79.29 and a 12-month high of $119.63. The firm 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.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. During the same period in the prior year, the business posted $2.05 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. On average, equities analysts forecast 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. The ex-dividend date 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 is currently 27.45%.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Cowen upped their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a report on Thursday, February 2nd. Bank of America upped their price target on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. StockNews.com initiated coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Truist Financial upped their price target on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, February 1st. Finally, Piper Sandler decreased their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.64.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the 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 sale, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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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