Ellsworth Advisors LLC Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 30th, 2023

Ellsworth Advisors LLC decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,077 shares of the oil and gas company’s stock after selling 637 shares during the period. Ellsworth Advisors LLC’s holdings in Exxon Mobil were worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. My Personal CFO LLC raised its stake in shares of Exxon Mobil by 15,000.0% during the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock valued at $262,000 after buying an additional 300 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at about $28,000. Clear Perspectives Financial Planning LLC raised its stake in shares of 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 during the last quarter. Align Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at about $38,000. Finally, Horizons Wealth Management purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on XOM shares. Cowen lifted their price target on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Scotiabank upgraded Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $120.00 to $135.00 in a research note on Tuesday, January 17th. Barclays lifted their price target on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Bank of America lifted their price target on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. 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 stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $121.64.

Exxon Mobil Trading Up 1.7 %

Shares of Exxon Mobil stock opened at $108.96 on Thursday. The stock has a market cap of $443.58 billion, a P/E ratio of 8.22, a P/E/G ratio of 0.45 and a beta of 1.09. The stock’s 50 day simple moving average is $110.74 and its 200-day simple moving average is $107.08. Exxon Mobil Co. has a 1-year low of $79.29 and a 1-year high of $119.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 EPS 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 firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 10.08 EPS 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 issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio is presently 27.45%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.04% of the stock is currently owned by insiders.

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.