2,632 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by Unique Wealth LLC

Posted by on Apr 10th, 2023

Unique Wealth LLC bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,632 shares of the oil and gas company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Axiom Financial Strategies LLC raised its holdings in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new stake in shares of Exxon Mobil in the first quarter valued at $275,000. Loomis Sayles & Co. L P boosted its position in shares of Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after buying an additional 13,065 shares during the period. Ergoteles LLC grew its holdings in shares of Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after buying an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new position in Exxon Mobil during the first quarter valued at $237,000. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Price Performance

Shares of Exxon Mobil stock opened at $115.05 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $110.73 and a 200-day simple moving average of $108.13. The stock has a market capitalization of $468.37 billion, a price-to-earnings ratio of 8.68, a PEG 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.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate 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 net margin of 13.47% and a return on equity of 31.25%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 EPS. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.98 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Cowen raised their price objective 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. Wells Fargo & Company boosted their price objective 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. Scotiabank upgraded shares of Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $120.00 to $135.00 in a research note on Tuesday, January 17th. Barclays lifted their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Bank of America upped their price target on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.64.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

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.

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

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