Exxon Mobil Co. (NYSE:XOM) Shares Sold by Ziegler Capital Management LLC

Posted by Defense World Staff on Apr 8th, 2023

Ziegler Capital Management LLC decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,363 shares of the oil and gas company’s stock after selling 2,769 shares during the quarter. Exxon Mobil accounts for about 1.0% of Ziegler Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Ziegler Capital Management LLC’s holdings in Exxon Mobil were worth $23,755,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wealthquest Corp grew its position in Exxon Mobil by 1.4% in the third quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 89 shares in the last quarter. Smart Money Group LLC grew its position in shares of Exxon Mobil by 3.8% during the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock worth $272,000 after buying an additional 91 shares in the last quarter. FourThought Financial LLC grew its position in shares of Exxon Mobil by 0.3% during the third quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock worth $2,709,000 after buying an additional 94 shares in the last quarter. Wilson & Boucher Capital Management LLC grew its position in shares of Exxon Mobil by 1.8% during the third quarter. Wilson & Boucher Capital Management LLC now owns 5,445 shares of the oil and gas company’s stock worth $475,000 after buying an additional 95 shares in the last quarter. Finally, Blooom Inc. grew its position in shares of Exxon Mobil by 0.8% during the third quarter. Blooom Inc. now owns 12,226 shares of the oil and gas company’s stock worth $1,082,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Truist Financial raised their price target 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. Piper Sandler decreased their price target 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. Redburn Partners cut Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Cowen raised their price objective 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. Finally, Argus raised their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.64.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Wednesday, February 1st. The stock was 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 of the company’s stock, valued at approximately $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is currently owned by company insiders.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.05 on Friday. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The firm’s 50-day simple moving average is $110.73 and its 200 day simple moving average is $107.90. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The stock has a market cap 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 earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. Exxon Mobil’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 earnings per share. Equities analysts expect that Exxon Mobil Co. will post 9.96 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is currently 27.45%.

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.