Centerpoint Advisors LLC Sells 450 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 6th, 2023

Centerpoint Advisors LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,146 shares of the oil and gas company’s stock after selling 450 shares during the quarter. Centerpoint Advisors LLC’s holdings in Exxon Mobil were worth $788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealthquest Corp increased its position in Exxon Mobil by 1.4% during the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after purchasing an additional 89 shares during the period. FourThought Financial LLC increased its position in Exxon Mobil by 0.3% during the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock valued at $2,709,000 after purchasing an additional 94 shares during the period. Wilson & Boucher Capital Management LLC increased its position in Exxon Mobil by 1.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 95 shares during the period. Blooom Inc. increased its position in Exxon Mobil by 0.8% during the 3rd quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock valued at $1,082,000 after purchasing an additional 97 shares during the period. Finally, OneAscent Wealth Management LLC grew its position in shares of Exxon Mobil by 1.5% during the 3rd quarter. OneAscent Wealth Management LLC now owns 6,749 shares of the oil and gas company’s stock worth $589,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $116.99 on Thursday. 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 stock’s fifty day simple moving average is $110.80 and its two-hundred day simple moving average is $107.70. Exxon Mobil Co. has a 1-year low of $79.29 and a 1-year high of $119.63. The stock has a market cap of $476.27 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 0.48 and a beta of 1.08.

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 for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $90.21 billion. During the same period last year, the business earned $2.05 EPS. The business’s revenue was up 12.3% on a year-over-year basis. As a group, analysts forecast that Exxon Mobil Co. will post 9.84 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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. This represents a $3.64 annualized dividend and a yield of 3.11%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Scotiabank raised shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $120.00 to $135.00 in a research report on Tuesday, January 17th. Barclays raised their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Piper Sandler reduced their price objective on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Finally, Truist Financial raised their price objective on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $121.64.

Insider Buying and Selling at Exxon Mobil

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 transaction, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

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.