Falcon Wealth Planning Takes Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 2nd, 2023

Falcon Wealth Planning acquired a new position in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,981 shares of the oil and gas company’s stock, valued at approximately $218,000.

Several other hedge funds have also recently bought and sold shares of the company. CTC Capital Management LLC bought a new position in shares of Exxon Mobil in the third quarter worth $1,807,000. WMG Financial Advisors LLC lifted its holdings in Exxon Mobil by 0.9% in the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 108 shares during the period. Polaris Wealth Advisory Group LLC increased its stake in Exxon Mobil by 3,880.2% during the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after buying an additional 200,102 shares during the period. Mraz Amerine & Associates Inc. bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $246,000. Finally, Accurate Wealth Management LLC lifted its stake in shares of Exxon Mobil by 4.7% in the 4th quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock worth $6,944,000 after acquiring an additional 2,859 shares during the period. 57.49% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of XOM opened at $109.66 on Friday. Exxon Mobil Co. has a one year low of $79.29 and a one year high of $119.63. The company has a 50-day moving average of $110.63 and a two-hundred day moving average of $107.26. The stock has a market cap of $446.42 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 0.47 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM – Get Rating) last announced 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. The company had revenue of $95.43 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted $2.05 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 9.95 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XOM. Wells Fargo & Company upped their target price on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Argus raised their target price on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Mizuho boosted their price target on shares of Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Truist Financial raised their price objective 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. Finally, Cowen lifted their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $121.64.

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 shares were 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 directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

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.