Camelot Portfolios LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 10th, 2023

Camelot Portfolios LLC lessened its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 26.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,824 shares of the oil and gas company’s stock after selling 2,440 shares during the quarter. Camelot Portfolios LLC’s holdings in Exxon Mobil were worth $753,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XOM. Deroy & Devereaux Private Investment Counsel Inc. grew its position in Exxon Mobil by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 284,169 shares of the oil and gas company’s stock worth $31,344,000 after acquiring an additional 1,576 shares in the last quarter. M. Kraus & Co raised its stake in shares of Exxon Mobil by 65.5% in the fourth quarter. M. Kraus & Co now owns 11,357 shares of the oil and gas company’s stock valued at $1,253,000 after acquiring an additional 4,496 shares during the period. MGO One Seven LLC lifted its holdings in shares of Exxon Mobil by 13.0% in the 4th quarter. MGO One Seven LLC now owns 64,790 shares of the oil and gas company’s stock worth $7,146,000 after acquiring an additional 7,470 shares during the last quarter. Verum Partners LLC bought a new position in Exxon Mobil during the 4th quarter valued at about $548,000. Finally, Greenleaf Trust raised its holdings in shares of Exxon Mobil by 11.3% in the fourth quarter. Greenleaf Trust now owns 74,237 shares of the oil and gas company’s stock worth $8,188,000 after buying an additional 7,520 shares during the period. Institutional investors own 57.49% of the company’s stock.

Insider Buying and Selling

In other Exxon Mobil 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 transaction of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $115.05 on Monday. The company has a 50 day moving average price of $110.73 and a 200 day moving average price of $108.13. The firm has a market capitalization of $468.37 billion, a P/E ratio of 8.68, a PEG ratio of 0.54 and a beta of 1.08. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating 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 analyst estimates of $90.21 billion. During the same period in the previous year, the company earned $2.05 earnings per share. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts expect that Exxon Mobil Co. will post 9.98 EPS for the current year.

Exxon Mobil Announces Dividend

The company 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%.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. Mizuho boosted their price objective on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Bank of America upped their target price 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. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $120.00 to $135.00 in a research report on Tuesday, January 17th. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Piper Sandler reduced their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a report on Monday, December 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.64.

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.