Lloyd Advisory Services LLC. Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 15th, 2023

Lloyd Advisory Services LLC. acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,576 shares of the oil and gas company’s stock, valued at approximately $615,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CTC Capital Management LLC purchased a new position in shares of Exxon Mobil during the 3rd quarter valued at $1,807,000. Northstar Asset Management LLC grew its holdings in shares of Exxon Mobil by 3.0% during the 4th quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock valued at $3,558,000 after acquiring an additional 925 shares in the last quarter. TTP Investments Inc. grew its holdings in shares of Exxon Mobil by 0.9% during the 4th quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock valued at $2,299,000 after acquiring an additional 181 shares in the last quarter. WMG Financial Advisors LLC boosted its holdings in Exxon Mobil by 0.9% in the third quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 108 shares in the last quarter. Finally, Polaris Wealth Advisory Group LLC boosted its holdings in Exxon Mobil by 3,880.2% in the third quarter. Polaris Wealth Advisory Group LLC now owns 205,259 shares of the oil and gas company’s stock worth $20,288,000 after purchasing an additional 200,102 shares in the last quarter. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on XOM shares. Mizuho upped their price objective on shares of Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. StockNews.com started coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They issued a “hold” rating for the company. B. Riley upped their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Finally, Barclays upped their price objective 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. 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’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $121.91.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated 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 owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Stock Up 0.2 %

Shares of XOM opened at $116.05 on Friday. The company has a 50-day simple moving average of $110.92 and a 200-day simple moving average of $108.82. The firm has a market capitalization of $472.44 billion, a P/E ratio of 8.75, a P/E/G ratio of 0.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. The business had revenue of $95.43 billion during 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 firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.05 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 10 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced 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 yield of 3.14%. Exxon Mobil’s payout ratio is currently 27.45%.

Exxon Mobil Profile

(Get Rating)

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.