Mayflower Financial Advisors LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 9th, 2023

Mayflower Financial Advisors LLC increased its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,286 shares of the oil and gas company’s stock after purchasing an additional 503 shares during the quarter. Exxon Mobil accounts for 2.8% of Mayflower Financial Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Mayflower Financial Advisors LLC’s holdings in Exxon Mobil were worth $22,091,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Exxon Mobil by 94.1% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock valued at $3,463,672,000 after acquiring an additional 19,230,872 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after purchasing an additional 560,517 shares during the period. Dimensional Fund Advisors LP lifted its position in Exxon Mobil by 12.3% in 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 last quarter. Legal & General Group Plc boosted its stake in shares of 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. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Exxon Mobil by 2.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,456,421 shares of the oil and gas company’s stock worth $1,087,570,000 after purchasing an additional 317,096 shares during the last quarter. 57.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Exxon Mobil 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 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. 0.04% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on XOM shares. Wells Fargo & Company upped 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. Truist Financial increased their target price on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, February 1st. Piper Sandler reduced their price target on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. Barclays upped their price target on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Finally, Mizuho boosted their target price on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. One 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. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Trading Down 1.7 %

Exxon Mobil stock 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 company has a market capitalization of $468.37 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 0.51 and a beta of 1.08. The business’s fifty day simple moving average is $110.73 and its two-hundred day simple moving average is $108.01. 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 announced its quarterly 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 company had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. Exxon Mobil’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 EPS. As a group, equities analysts predict that Exxon Mobil Co. will post 9.98 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared 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. This represents a $3.64 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.

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.