Paradigm Financial Partners LLC Buys Shares of 14,319 Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 14th, 2023

Paradigm Financial Partners LLC purchased a new position in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,319 shares of the oil and gas company’s stock, valued at approximately $1,583,000.

Several other large investors have also recently bought and sold shares of the company. My Personal CFO LLC increased its position 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 purchasing an additional 300 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Exxon Mobil in the 3rd quarter worth $28,000. Clear Perspectives Financial Planning LLC raised 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 valued at $33,000 after buying an additional 272 shares in the last quarter. Align Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter worth $38,000. Finally, Mine & Arao Wealth Creation & Management LLC. grew 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 worth $39,000 after acquiring an additional 169 shares in the last quarter. 57.49% of the stock is owned by institutional investors.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s 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 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 is accessible through this link. 0.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. StockNews.com assumed coverage on Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Piper Sandler dropped their target price on Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Scotiabank cut shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $140.00 to $135.00 in a research report on Thursday. Cowen boosted their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a report on Thursday, February 2nd. Finally, B. Riley increased their target price 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.91.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.77 on Friday. 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 firm’s fifty day simple moving average is $110.75 and its 200 day simple moving average is $108.55. The stock has a market cap of $471.30 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.53 and a beta of 1.08. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results 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 quarter in the previous year, the firm posted $2.05 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 10.02 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio 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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