Caliber Wealth Management LLC Cuts Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 8th, 2023

Caliber Wealth Management LLC lowered its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 18.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,608 shares of the oil and gas company’s stock after selling 4,523 shares during the quarter. Exxon Mobil makes up approximately 1.7% of Caliber Wealth Management LLC’s portfolio, making the stock its 12th biggest position. Caliber Wealth Management LLC’s holdings in Exxon Mobil were worth $2,273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Karp Capital Management Corp bought a new stake in Exxon Mobil in the third quarter valued at approximately $28,000. Clear Perspectives Financial Planning LLC lifted its position in Exxon Mobil by 259.0% in the third 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 last quarter. Align Wealth Management LLC bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $38,000. Mine & Arao Wealth Creation & Management LLC. lifted its position in Exxon Mobil by 61.7% in the third 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 last quarter. Finally, Horizons Wealth Management bought a new stake in Exxon Mobil in the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the 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 sale, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Trading Down 1.7 %

NYSE XOM opened at $115.05 on Friday. Exxon Mobil Co. has a 12 month low of $79.29 and a 12 month high of $119.63. 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. The stock’s fifty day moving average price is $110.73 and its 200-day moving average price is $107.90. 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 (NYSE:XOM – Get Rating) last released its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.96 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on XOM shares. Truist Financial boosted their price objective on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. StockNews.com began coverage on Exxon Mobil in a report on Thursday, March 16th. They set a “hold” rating for the company. Barclays upped their target price on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. B. Riley upped their target price on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Finally, Bank of America upped their target price on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. One equities 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. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $121.64.

About Exxon Mobil

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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.