Beacon Financial Group Has $12.72 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 30th, 2023

Beacon Financial Group cut its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,573 shares of the oil and gas company’s stock after selling 1,490 shares during the quarter. Exxon Mobil accounts for 1.7% of Beacon Financial Group’s holdings, making the stock its 10th biggest position. Beacon Financial Group’s holdings in Exxon Mobil were worth $12,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. My Personal CFO LLC increased its stake in shares of Exxon Mobil by 15,000.0% in the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 300 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $28,000. Clear Perspectives Financial Planning LLC increased its stake in shares of Exxon Mobil by 259.0% in 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 acquiring an additional 272 shares during the last quarter. Align Wealth Management LLC bought a new stake in shares of Exxon Mobil in the 4th quarter valued at about $38,000. Finally, Horizons Wealth Management bought a new stake in shares of Exxon Mobil in the 2nd quarter valued at about $41,000. 57.49% of the stock is owned by institutional investors.

Insider Activity

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 1st. The stock was 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 owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on XOM. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Piper Sandler lowered their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. StockNews.com began coverage on Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating for the company. Truist Financial increased their target price on Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 1st. Finally, Barclays increased their target price on Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.64.

Exxon Mobil Trading Up 1.7 %

NYSE XOM opened at $108.96 on Thursday. The company has a market cap of $443.58 billion, a PE ratio of 8.22, a PEG ratio of 0.45 and a beta of 1.09. The company has a current ratio of 1.41, a quick ratio of 1.06 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 stock has a 50 day moving average of $110.74 and a 200-day moving average of $107.08.

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 the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.05 EPS. On average, equities research analysts anticipate that Exxon Mobil Co. will post 10.08 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued 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 payout ratio is presently 27.45%.

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.