Exxon Mobil Co. (NYSE:XOM) Shares Purchased by PFG Private Wealth Management LLC

Posted by Defense World Staff on Mar 29th, 2023

PFG Private Wealth Management LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2,885.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,747 shares of the oil and gas company’s stock after acquiring an additional 2,655 shares during the period. PFG Private Wealth Management LLC’s holdings in Exxon Mobil were worth $303,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings 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 buying an additional 19,230,872 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Exxon Mobil by 1,505.5% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,730,140 shares of the oil and gas company’s stock worth $833,291,000 after buying an additional 9,124,095 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth $347,253,000. Legal & General Group Plc increased its holdings in shares of Exxon Mobil by 14.3% during 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Exxon Mobil by 12.3% during 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 during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on XOM. B. Riley upped their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Barclays upped their price target 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. Piper Sandler decreased their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $120.00 to $135.00 in a research report on Tuesday, January 17th. Finally, HSBC upped their price target on shares of Exxon Mobil to $111.00 in a research report on Friday, December 2nd. One 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.

Insider Buying and Selling

In related 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 sale, the vice president now 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 available through this hyperlink. 0.04% of the stock is owned by company insiders.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $107.12 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a one year low of $79.29 and a one year high of $119.63. The company’s 50-day simple moving average is $110.77 and its 200-day simple moving average is $107.06. The stock has a market capitalization of $436.08 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 0.45 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter last year, the company posted $2.05 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Equities analysts anticipate that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.40%. 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.