S.E.E.D. Planning Group LLC Purchases New Shares in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Mar 31st, 2023

S.E.E.D. Planning Group LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,248 shares of the oil and gas company’s stock, valued at approximately $248,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. grew its stake in Exxon Mobil by 0.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 296,988 shares of the oil and gas company’s stock valued at $32,758,000 after acquiring an additional 1,640 shares during the period. Marino Stram & Associates LLC boosted its stake in Exxon Mobil by 0.9% during the 4th quarter. Marino Stram & Associates LLC now owns 19,997 shares of the oil and gas company’s stock worth $2,206,000 after purchasing an additional 170 shares during the last quarter. MKT Advisors LLC boosted its stake in Exxon Mobil by 3.4% during the 4th quarter. MKT Advisors LLC now owns 7,574 shares of the oil and gas company’s stock worth $844,000 after purchasing an additional 247 shares during the last quarter. Conservest Capital Advisors Inc. boosted its stake in Exxon Mobil by 2.3% during the 4th quarter. Conservest Capital Advisors Inc. now owns 7,537 shares of the oil and gas company’s stock worth $831,000 after purchasing an additional 170 shares during the last quarter. Finally, American Institute for Advanced Investment Management LLP boosted its stake in Exxon Mobil by 4.2% during the 4th quarter. American Institute for Advanced Investment Management LLP now owns 2,461 shares of the oil and gas company’s stock worth $271,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Stock Up 0.5 %

Shares of NYSE:XOM opened at $109.49 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The firm has a market capitalization of $445.73 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.45 and a beta of 1.09. The firm’s 50-day moving average is $110.70 and its two-hundred day moving average is $107.09. 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 issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The company had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. Analysts predict that Exxon Mobil Co. will post 9.95 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.32%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Insiders Place Their Bets

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 shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, 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 can be accessed through this link. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on XOM shares. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Argus lifted their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Barclays lifted their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Finally, Truist Financial boosted their price target on shares of Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.