Exxon Mobil Co. (NYSE:XOM) Holdings Decreased by VeraBank N.A.

Posted by Defense World Staff on Apr 10th, 2023

VeraBank N.A. reduced its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 49,843 shares of the oil and gas company’s stock after selling 435 shares during the period. Exxon Mobil comprises about 2.7% of VeraBank N.A.’s holdings, making the stock its 7th biggest position. VeraBank N.A.’s holdings in Exxon Mobil were worth $5,498,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of XOM. CTC Capital Management LLC acquired a new stake in shares of Exxon Mobil during the third quarter worth about $1,807,000. WMG Financial Advisors LLC grew its position in Exxon Mobil by 0.9% during the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 108 shares during the period. Polaris Wealth Advisory Group LLC raised its stake in shares of Exxon Mobil by 3,880.2% during the 3rd quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock valued at $20,288,000 after buying an additional 200,102 shares during the last quarter. Mraz Amerine & Associates Inc. acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $246,000. Finally, Accurate Wealth Management LLC boosted its stake in shares of Exxon Mobil by 4.7% in the fourth quarter. Accurate Wealth Management LLC now owns 63,080 shares of the oil and gas company’s stock worth $6,944,000 after buying an additional 2,859 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 1.7 %

Shares of 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 company has a market capitalization 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. The company has a 50 day simple moving average of $110.73 and a 200-day simple moving average of $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.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The company had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.05 earnings per share. On average, equities research analysts predict that Exxon Mobil Co. will post 9.98 earnings per share 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 given 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 payout ratio is 27.45%.

Analysts Set New Price Targets

XOM has been the subject of several analyst reports. 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 research note on Tuesday, January 17th. Truist Financial boosted their price objective on Exxon Mobil from $101.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, February 1st. Wells Fargo & Company increased their target price on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Argus increased their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Finally, Barclays boosted their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.64.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, the vice president now owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by 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.