M. Kraus & Co Purchases 4,496 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 10th, 2023

M. Kraus & Co grew its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 65.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,357 shares of the oil and gas company’s stock after acquiring an additional 4,496 shares during the period. M. Kraus & Co’s holdings in Exxon Mobil were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Karp Capital Management Corp purchased a new position in Exxon Mobil during the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC increased its position in shares of Exxon Mobil by 259.0% during 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 buying an additional 272 shares during the period. Align Wealth Management LLC bought a new position in Exxon Mobil in the fourth quarter worth about $38,000. Mine & Arao Wealth Creation & Management LLC. grew its holdings in shares of Exxon Mobil by 61.7% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 169 shares during the period. Finally, Horizons Wealth Management purchased a new position in shares of Exxon Mobil during the 2nd quarter worth approximately $41,000. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $115.05 on Monday. The firm’s 50-day moving average price is $110.73 and its 200-day moving average price is $108.13. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week high of $119.63. The company has a market cap of $468.37 billion, a PE ratio of 8.68, a PEG ratio of 0.54 and a beta of 1.08. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the prior year, the firm earned $2.05 earnings per share. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 9.98 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a $0.91 dividend. 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 payout ratio is currently 27.45%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on XOM shares. Barclays raised their target price on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. Cowen upped their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Finally, Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $121.64.

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s 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 directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by company insiders.

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.