Exxon Mobil Co. (NYSE:XOM) Shares Sold by Asset Dedication LLC

Posted by Defense World Staff on Mar 31st, 2023

Asset Dedication LLC decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,435 shares of the oil and gas company’s stock after selling 1,179 shares during the quarter. Asset Dedication LLC’s holdings in Exxon Mobil were worth $4,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp acquired a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC lifted its position 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 in the last quarter. Align Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter valued at approximately $38,000. Mine & Arao Wealth Creation & Management LLC. lifted its position 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 valued at $39,000 after buying an additional 169 shares in the last quarter. Finally, Horizons Wealth Management purchased a new position in shares of Exxon Mobil during the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 57.49% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of a number of recent analyst reports. B. Riley increased their target price on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Argus raised their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Bank of America raised their price objective on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. Truist Financial raised their price objective on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, February 1st. Finally, Wells Fargo & Company raised their price objective on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. One equities research 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. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Stock Up 0.5 %

Shares of NYSE:XOM opened at $109.49 on Friday. The business has a 50-day moving average price of $110.70 and a 200 day moving average price of $107.09. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $445.73 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 0.45 and a beta of 1.09. Exxon Mobil Co. has a 12-month low of $79.29 and a 12-month high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data 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 firm 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 company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $2.05 EPS. Sell-side analysts expect that Exxon Mobil Co. will post 9.95 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.32%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio is currently 27.45%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil 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.