Madison Wealth Partners Inc Acquires 230 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 8th, 2023

Madison Wealth Partners Inc grew its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,941 shares of the oil and gas company’s stock after acquiring an additional 230 shares during the period. Madison Wealth Partners Inc’s holdings in Exxon Mobil were worth $655,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Karp Capital Management Corp bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC raised 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 purchasing an additional 272 shares during the period. Align Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $38,000. Mine & Arao Wealth Creation & Management LLC. raised 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 purchasing an additional 169 shares during the period. Finally, Horizons Wealth Management bought a new stake in shares of Exxon Mobil during the 2nd quarter valued at $41,000. 57.49% of the stock is currently owned by institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the business’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 in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Exxon Mobil Trading Down 1.7 %

Shares of XOM opened at $115.05 on Friday. Exxon Mobil Co. has a 1-year low of $79.29 and a 1-year high of $119.63. The company has a 50-day moving average of $110.73 and a 200 day moving average of $107.90. The firm has a market capitalization of $468.37 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 0.51 and a beta of 1.08. 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 quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. During the same quarter last year, the business posted $2.05 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, research analysts expect 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. Investors of record on Tuesday, February 14th were issued a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.16%. Exxon Mobil’s payout ratio is 27.45%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, February 1st. Barclays raised their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating for the company. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. Finally, Cowen raised their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. One 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, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $121.64.

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.