Clarius Group LLC Grows Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 10th, 2023

Clarius Group LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,201 shares of the oil and gas company’s stock after buying an additional 1,485 shares during the quarter. Clarius Group LLC’s holdings in Exxon Mobil were worth $4,103,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. My Personal CFO LLC boosted its stake 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 worth $262,000 after acquiring an additional 300 shares during the last quarter. Karp Capital Management Corp purchased a new position in Exxon Mobil in the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC boosted its stake in Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 272 shares during the last quarter. Align Wealth Management LLC purchased a new stake in shares of Exxon Mobil during the fourth quarter worth $38,000. Finally, Horizons Wealth Management acquired a new stake in shares of Exxon Mobil in the second quarter valued at about $41,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target 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. Argus upped their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Truist Financial lifted their price objective on Exxon Mobil from $101.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, February 1st. B. Riley upped their target price on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Finally, Wells Fargo & Company lifted their price target on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. One 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $121.64.

Exxon Mobil Stock Down 1.7 %

Shares of NYSE XOM opened at $115.05 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $110.73 and its two-hundred day moving average is $108.13. 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 price-to-earnings ratio of 8.68, a PEG 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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Research analysts predict that Exxon Mobil Co. will post 9.98 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insider Activity at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.04% of the company’s stock.

About Exxon Mobil

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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.