WNY Asset Management LLC Sells 1,672 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 10th, 2023

WNY Asset Management LLC lowered its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.0% during the 4th quarter, Holdings Channel reports. The fund owned 22,138 shares of the oil and gas company’s stock after selling 1,672 shares during the period. WNY Asset Management LLC’s holdings in Exxon Mobil were worth $2,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. My Personal CFO LLC lifted its position in Exxon Mobil by 15,000.0% in the 4th 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 in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Exxon Mobil in the third quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC lifted its holdings in shares of Exxon Mobil by 259.0% in 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 purchasing an additional 272 shares in the last quarter. Align Wealth Management LLC purchased a new position in shares of Exxon Mobil during the fourth quarter valued at approximately $38,000. Finally, Horizons Wealth Management bought a new stake in Exxon Mobil during the second quarter worth $41,000. Institutional investors own 57.49% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In related 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 value of $288,750.00. Following the sale, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on XOM. Bank of America raised their price objective on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Cowen increased their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. B. Riley boosted their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, StockNews.com assumed coverage on Exxon Mobil in a report on Thursday, March 16th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.64.

Exxon Mobil Trading Down 1.7 %

NYSE:XOM opened at $115.05 on Monday. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63. The stock’s fifty day moving average price is $110.73 and its two-hundred day moving average price is $108.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The company has a market cap of $468.37 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.54 and a beta of 1.08.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.08. The business had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.05 EPS. As a group, analysts expect that Exxon Mobil Co. will post 9.98 EPS for the current year.

Exxon Mobil Announces Dividend

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

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

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