Exxon Mobil Co. (NYSE:XOM) Shares Sold by VeraBank N.A.

Posted by on Apr 10th, 2023

VeraBank N.A. lessened its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.9% during 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 accounts for approximately 2.7% of VeraBank N.A.’s holdings, making the stock its 7th largest holding. VeraBank N.A.’s holdings in Exxon Mobil were worth $5,498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Karp Capital Management Corp acquired a new stake in shares of Exxon Mobil during the third quarter valued at about $28,000. Clear Perspectives Financial Planning LLC boosted its position in shares of 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 period. Align Wealth Management LLC acquired a new stake in Exxon Mobil in the 4th quarter valued at approximately $38,000. Mine & Arao Wealth Creation & Management LLC. raised its position in Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares during the period. Finally, Horizons Wealth Management acquired a new position in Exxon Mobil during the second quarter worth $41,000. 57.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction 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 sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on XOM shares. Scotiabank raised Exxon Mobil from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $120.00 to $135.00 in a research note on Tuesday, January 17th. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Argus lifted 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. Barclays increased their target price on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Finally, Cowen boosted their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, seven have given 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 price target of $121.64.

Exxon Mobil Trading Down 1.7 %

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 company 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 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 Co. has a 12-month low of $79.29 and a 12-month high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last released 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 net margin of 13.47% and a return on equity of 31.25%. The company had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Exxon Mobil’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities analysts forecast that Exxon Mobil Co. will post 9.98 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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