DeDora Capital Inc. Buys New Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 29th, 2023

DeDora Capital Inc. bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,395 shares of the oil and gas company’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Karp Capital Management Corp purchased a new position in Exxon Mobil during the 3rd quarter valued at approximately $28,000. Clear Perspectives Financial Planning LLC grew its holdings in Exxon Mobil by 259.0% during 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 buying an additional 272 shares in the last quarter. Align Wealth Management LLC purchased a new position in Exxon Mobil during the 4th quarter valued at approximately $38,000. Mine & Arao Wealth Creation & Management LLC. grew its holdings in Exxon Mobil by 61.7% during 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 buying an additional 169 shares in the last quarter. Finally, Horizons Wealth Management purchased a new position in Exxon Mobil during the 2nd quarter valued at approximately $41,000. Institutional investors own 57.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on XOM shares. B. Riley raised their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Piper Sandler dropped their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, December 19th. Mizuho lifted their target price on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. StockNews.com began coverage on Exxon Mobil in a report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Cowen lifted their target price on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a report on Thursday, February 2nd. One investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $121.64.

Exxon Mobil Trading Up 1.2 %

Shares of NYSE XOM opened at $107.12 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $110.77 and a two-hundred day simple moving average of $107.06. The firm has a market cap of $436.08 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 0.45 and a beta of 1.09. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month 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 analysts’ consensus estimates of $3.32 by $0.08. The business had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. Exxon Mobil’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 EPS. Analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company 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 3.40%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the transaction, the vice president now directly 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 is available at this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Company 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.