Patron Partners LLC Has $3.86 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 15th, 2023

Patron Partners LLC raised its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,976 shares of the oil and gas company’s stock after purchasing an additional 5,990 shares during the period. Exxon Mobil accounts for 2.9% of Patron Partners LLC’s holdings, making the stock its 4th biggest holding. Patron Partners LLC’s holdings in Exxon Mobil were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Karp Capital Management Corp acquired a new position in shares of Exxon Mobil during the third quarter valued at about $28,000. Clear Perspectives Financial Planning LLC grew its holdings in shares of Exxon Mobil by 259.0% during the third 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 during the last quarter. Align Wealth Management LLC acquired a new position in shares of Exxon Mobil during the fourth quarter valued at about $38,000. Mine & Arao Wealth Creation & Management LLC. grew its holdings in shares of Exxon Mobil by 61.7% during 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 buying an additional 169 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Exxon Mobil during the third quarter valued at about $44,000. 57.49% of the stock is owned by institutional investors.

Exxon Mobil Stock Performance

NYSE XOM opened at $116.05 on Friday. The company’s 50 day moving average is $110.92 and its 200-day moving average is $108.82. Exxon Mobil Co. has a 12-month low of $79.29 and a 12-month high of $119.63. 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 has a market cap of $472.44 billion, a P/E ratio of 8.75, a price-to-earnings-growth 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, 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 for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the previous year, the firm posted $2.05 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 10 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Exxon Mobil from $110.00 to $116.00 and gave the company a “hold” rating in a report on Tuesday. Piper Sandler cut their price target on shares of Exxon Mobil from $131.00 to $127.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. Mizuho boosted their price target on shares of Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Finally, Scotiabank cut shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $140.00 to $135.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.91.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the company’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 sale, the vice president now 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 hyperlink. 0.04% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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