Systrade AG Makes New $12.79 Million Investment in Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 14th, 2023

Systrade AG bought a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 115,930 shares of the oil and gas company’s stock, valued at approximately $12,787,000. Exxon Mobil accounts for about 11.0% of Systrade AG’s investment portfolio, making the stock its 5th largest position.

A number of other large investors also recently bought and sold shares of the business. Axiom Financial Strategies LLC increased its holdings in shares of Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil during the 1st quarter valued at approximately $275,000. Loomis Sayles & Co. L P increased its holdings in Exxon Mobil by 318.8% in the 1st quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC raised its position in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new position in Exxon Mobil during the first quarter valued at $237,000. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $115.77 on Friday. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month high of $119.63. The stock has a 50 day moving average of $110.75 and a two-hundred day moving average of $108.55. 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 stock has a market cap of $471.30 billion, a P/E ratio of 8.73, a P/E/G ratio of 0.53 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping 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 business 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 business posted $2.05 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts forecast that Exxon Mobil Co. will post 10.02 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a $0.91 dividend. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.14%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Scotiabank cut Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $140.00 to $135.00 in a research report on Thursday. Mizuho raised their price objective on Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. StockNews.com began coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Bank of America raised their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and a consensus target price of $121.91.

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 on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Company 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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