Clarius Group LLC Acquires 1,485 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 10th, 2023

Clarius Group LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 37,201 shares of the oil and gas company’s stock after purchasing an additional 1,485 shares during the quarter. Clarius Group LLC’s holdings in Exxon Mobil were worth $4,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. My Personal CFO LLC increased its position in shares of Exxon Mobil by 15,000.0% in the fourth quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 300 shares during the last quarter. Karp Capital Management Corp acquired a new position in Exxon Mobil during the third quarter worth $28,000. Clear Perspectives Financial Planning LLC raised its position in 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 worth $33,000 after acquiring an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at $38,000. Finally, Horizons Wealth Management bought a new position in shares of Exxon Mobil in the 2nd quarter valued at about $41,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Bank of America increased their price target on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. Barclays lifted 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. StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They set a “hold” rating for the company. Finally, Mizuho upped their price target on shares of 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. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $121.64.

Insider Transactions at Exxon Mobil

In related 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 value of $288,750.00. Following the completion of the transaction, 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 can be accessed through this link. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Down 1.7 %

Shares of Exxon Mobil stock opened at $115.05 on Monday. The firm’s 50 day moving average is $110.73 and its 200 day moving average is $108.13. The firm has a market capitalization 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 Co. has a 1 year low of $79.29 and a 1 year high of $119.63. 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 posted 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. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the previous year, the firm posted $2.05 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. Equities research analysts forecast that Exxon Mobil Co. will post 9.98 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is 27.45%.

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.