Amplius Wealth Advisors LLC Has $1.25 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by on Mar 30th, 2023

Amplius Wealth Advisors LLC raised its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,294 shares of the oil and gas company’s stock after buying an additional 2,124 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in Exxon Mobil were worth $1,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Karp Capital Management Corp acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth $28,000. Clear Perspectives Financial Planning LLC grew its holdings 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 worth $33,000 after purchasing an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new stake in shares of Exxon Mobil during the 4th quarter worth $38,000. Mine & Arao Wealth Creation & Management LLC. grew its holdings in shares of 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 worth $39,000 after purchasing an additional 169 shares in the last quarter. Finally, Horizons Wealth Management acquired a new stake in shares of Exxon Mobil during the 2nd quarter worth $41,000. 57.49% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Up 1.7 %

Shares of XOM stock opened at $108.96 on Thursday. The stock has a market cap of $443.58 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.45 and a beta of 1.09. The stock has a 50-day moving average of $110.74 and a 200-day moving average of $107.08. 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 1-year low of $79.29 and a 1-year high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last released its 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 return on equity of 31.25% and a net margin of 13.47%. The business had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter last year, the firm posted $2.05 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. 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 firm also recently announced 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 3.34%. Exxon Mobil’s dividend payout ratio is currently 27.45%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’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 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 $3,669,666. The transaction 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.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. StockNews.com assumed coverage on Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating for the company. Piper Sandler dropped their price objective on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. HSBC upped their price objective on Exxon Mobil to $111.00 in a research report on Friday, December 2nd. Finally, Argus upped their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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