Exxon Mobil Co. (NYSE:XOM) Shares Acquired by International Assets Investment Management LLC

Posted by Defense World Staff on Apr 8th, 2023

International Assets Investment Management LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 297.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,810 shares of the oil and gas company’s stock after acquiring an additional 185,450 shares during the quarter. International Assets Investment Management LLC’s holdings in Exxon Mobil were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XOM. Axiom Financial Strategies LLC increased its stake in Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after buying an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new stake in Exxon Mobil during the 1st quarter worth $275,000. Loomis Sayles & Co. L P increased its position 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 during the last quarter. Ergoteles LLC increased its position 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 during the last quarter. Finally, Bridgefront Capital LLC bought a new stake in shares of Exxon Mobil in the 1st quarter worth about $237,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Down 1.7 %

XOM stock opened at $115.05 on Friday. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week high of $119.63. The company’s 50 day simple moving average is $110.73 and its 200-day simple moving average is $107.90. 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 $468.37 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.51 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The business 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 firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 earnings per share. As a group, equities research analysts anticipate that Exxon Mobil Co. will post 9.96 EPS for the current 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 $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.16%. Exxon Mobil’s dividend payout ratio is presently 27.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on XOM shares. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Argus boosted their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Cowen boosted their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. B. Riley boosted their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. One 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. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price 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 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 value of $288,750.00. Following the transaction, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

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.