Perfromance Wealth Partners LLC Acquires Shares of 5,286 Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 30th, 2023

Perfromance Wealth Partners LLC bought a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,286 shares of the oil and gas company’s stock, valued at approximately $583,000.

A number of other large investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake 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 in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after buying an additional 560,517 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Exxon Mobil by 12.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock valued at $2,468,477,000 after purchasing an additional 3,094,957 shares in the last quarter. Legal & General Group Plc increased its stake in Exxon Mobil by 14.3% in the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after purchasing an additional 3,131,617 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Exxon Mobil by 6.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 13,564,255 shares of the oil and gas company’s stock valued at $1,161,643,000 after purchasing an additional 849,804 shares in the last quarter. 57.49% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Up 1.7 %

Shares of XOM opened at $108.96 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $443.58 billion, a P/E ratio of 8.22, a price-to-earnings-growth ratio of 0.45 and a beta of 1.09. The stock’s fifty day simple moving average is $110.74 and its 200 day simple moving average is $107.08. 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, topping the consensus estimate of $3.32 by $0.08. The business had revenue of $95.43 billion for 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%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company posted $2.05 EPS. On average, equities research analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

XOM has been the subject of several research analyst reports. Cowen raised their price objective 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. B. Riley raised their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Barclays raised their price objective on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Mizuho raised their price objective on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Finally, StockNews.com started coverage on Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating for the company. One investment 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. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.

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.