Shufro Rose & Co. LLC Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 8th, 2023

Shufro Rose & Co. LLC reduced its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,896 shares of the oil and gas company’s stock after selling 347 shares during the period. Shufro Rose & Co. LLC’s holdings in Exxon Mobil were worth $7,599,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in XOM. Price T Rowe Associates Inc. MD lifted its position in shares of Exxon Mobil by 94.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after buying an additional 19,230,872 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in Exxon Mobil during the third quarter valued at approximately $347,253,000. Legal & General Group Plc raised its position in Exxon Mobil by 14.3% during the second quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock valued at $2,144,479,000 after purchasing an additional 3,131,617 shares during the period. Dimensional Fund Advisors LP raised its position in Exxon Mobil by 12.3% during the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock valued at $2,468,477,000 after purchasing an additional 3,094,957 shares during the period. Finally, HighTower Trust Company N.A. purchased a new stake in Exxon Mobil during the third quarter valued at approximately $237,316,000. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Exxon Mobil

In other 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 completion of the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

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. The stock has a market capitalization of $468.37 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.51 and a beta of 1.08. The stock’s fifty day simple moving average is $110.73 and its two-hundred day simple moving average is $107.90. Exxon Mobil Co. has a 12-month low of $79.29 and a 12-month high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.32 by $0.08. The business had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 EPS. As a group, analysts expect that Exxon Mobil Co. will post 9.96 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. 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 (DPR) is presently 27.45%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Argus upped their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. StockNews.com assumed coverage on Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Barclays upped their price objective on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. 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 research note on Wednesday, February 1st. Finally, B. Riley upped their target price on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.64.

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.