Colton Groome Financial Advisors LLC Sells 452 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 9th, 2023

Colton Groome Financial Advisors LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,013 shares of the oil and gas company’s stock after selling 452 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Exxon Mobil were worth $663,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Beaumont Financial Advisors LLC acquired a new stake in shares of Exxon Mobil during the fourth quarter worth $2,260,000. Mayflower Financial Advisors LLC increased its holdings in Exxon Mobil by 0.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 200,286 shares of the oil and gas company’s stock worth $22,091,000 after purchasing an additional 503 shares in the last quarter. Steel Peak Wealth Management LLC raised its stake in shares of Exxon Mobil by 14.7% in the 4th quarter. Steel Peak Wealth Management LLC now owns 14,939 shares of the oil and gas company’s stock valued at $1,648,000 after purchasing an additional 1,919 shares during the period. Hoxton Planning & Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $787,000. Finally, SNS Financial Group LLC grew its holdings in shares of Exxon Mobil by 3.7% during the fourth quarter. SNS Financial Group LLC now owns 7,765 shares of the oil and gas company’s stock worth $857,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Stock Down 1.7 %

Exxon Mobil stock 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 company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The firm’s 50-day simple moving average is $110.73 and its 200 day simple moving average is $108.01. The stock has a market cap 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.

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 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 the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 EPS. Research analysts predict that Exxon Mobil Co. will post 9.98 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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 of this dividend was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a yield of 3.16%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The shares were 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 available at the SEC website. Insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XOM shares. Redburn Partners downgraded Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Piper Sandler decreased their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Cowen increased their price target on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. StockNews.com started coverage on Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Barclays upped their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Company Profile

(Get Rating)

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.

Featured Articles

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.