M. Kraus & Co Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 10th, 2023

M. Kraus & Co raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 65.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,357 shares of the oil and gas company’s stock after buying an additional 4,496 shares during the period. M. Kraus & Co’s holdings in Exxon Mobil were worth $1,253,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Exxon Mobil by 94.1% during the third 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 purchasing an additional 19,230,872 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Exxon Mobil by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after acquiring an additional 560,517 shares during the period. Dimensional Fund Advisors LP increased its holdings in Exxon Mobil by 12.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after acquiring an additional 3,094,957 shares in the last quarter. Legal & General Group Plc raised its stake in Exxon Mobil by 14.3% during the 2nd quarter. Legal & General Group Plc now owns 25,040,531 shares of the oil and gas company’s stock worth $2,144,479,000 after acquiring an additional 3,131,617 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Exxon Mobil by 2.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,456,421 shares of the oil and gas company’s stock valued at $1,087,570,000 after purchasing an additional 317,096 shares in the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Exxon Mobil Trading Down 1.7 %

NYSE XOM opened at $115.05 on Monday. The company has a 50 day moving average price of $110.73 and a 200 day moving average price of $108.13. 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 Co. has a 52 week low of $79.29 and a 52 week high of $119.63. The firm has a market cap of $468.37 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter last year, the firm earned $2.05 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.98 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. Investors of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction 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 directly owns 31,772 shares in the company, 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 company insiders.

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.