Exxon Mobil Co. (NYSE:XOM) Stock Position Raised by Santori & Peters Inc.

Posted by Defense World Staff on Apr 12th, 2023

Santori & Peters Inc. lifted its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,149 shares of the oil and gas company’s stock after acquiring an additional 200 shares during the quarter. Santori & Peters Inc.’s holdings in Exxon Mobil were worth $347,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in XOM. My Personal CFO LLC lifted its position in Exxon Mobil by 15,000.0% in the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock worth $262,000 after buying an additional 300 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC lifted its position in Exxon Mobil by 259.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after buying an additional 272 shares in the last quarter. Align Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $38,000. Finally, Mine & Arao Wealth Creation & Management LLC. lifted its position in Exxon Mobil by 61.7% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.35 on Wednesday. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63. The firm’s fifty day simple moving average is $110.74 and its 200 day simple moving average is $108.50. 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 market capitalization of $469.59 billion, a PE ratio of 8.70, a PEG ratio of 0.54 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion for the quarter, compared to analyst estimates 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 period last year, the business posted $2.05 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.98 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on XOM shares. Truist Financial increased their target price on shares of Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Scotiabank upgraded shares of 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 report on Tuesday, January 17th. Barclays raised their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Finally, Cowen raised their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.91.

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.