AFS Financial Group LLC Takes Position in Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 8th, 2023

AFS Financial Group LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,347 shares of the oil and gas company’s stock, valued at approximately $1,252,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axiom Financial Strategies LLC increased its stake in shares of Exxon Mobil by 17.4% in the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after purchasing an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc purchased a new stake in shares of Exxon Mobil in the 1st quarter worth $275,000. Loomis Sayles & Co. L P increased its stake in shares of Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares in the last quarter. Ergoteles LLC increased its stake in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new stake in shares of Exxon Mobil in the 1st quarter worth $237,000. 57.49% of the stock is owned by institutional investors.

Exxon Mobil Stock Down 1.7 %

Shares of NYSE:XOM opened at $115.05 on Friday. 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 12 month low of $79.29 and a 12 month high of $119.63. The company has a 50-day moving average price of $110.73 and a 200 day moving average price of $107.90. The company has a market cap of $468.37 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.51 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating 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 net margin of 13.47% and a return on equity of 31.25%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.96 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.16%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is currently 27.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on XOM shares. Truist Financial upped their price objective on Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, February 1st. Cowen increased their price target on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. Barclays increased their price target on Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. B. Riley increased their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, Bank of America increased their price target on Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. 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 company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $121.64.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by 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.

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

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