Exxon Mobil Co. (NYSE:XOM) is Cohen Investment Advisors LLC’s 4th Largest Position

Posted by Defense World Staff on Apr 18th, 2023

Cohen Investment Advisors LLC trimmed its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,651 shares of the oil and gas company’s stock after selling 189 shares during the quarter. Exxon Mobil comprises about 3.3% of Cohen Investment Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Cohen Investment Advisors LLC’s holdings in Exxon Mobil were worth $3,932,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Axiom Financial Strategies LLC raised its position in shares of Exxon Mobil by 17.4% in 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 during the last quarter. Retirement Income Solutions Inc purchased a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $275,000. Loomis Sayles & Co. L P raised its position in shares of 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 valued at $1,417,000 after purchasing an additional 13,065 shares during the last quarter. Ergoteles LLC raised its position in shares of Exxon Mobil by 95.6% in the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC purchased a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $237,000. 57.49% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 1.2 %

Shares of NYSE:XOM opened at $114.70 on Tuesday. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63. The firm has a market capitalization of $466.94 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The business’s 50 day moving average price is $110.92 and its 200-day moving average price is $109.13.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter last year, the firm posted $2.05 EPS. The business’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.95 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were given a dividend of $0.91 per share. The ex-dividend date was Monday, February 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. Bank of America increased their price objective on shares of Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday, February 1st. Wells Fargo & Company increased their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Scotiabank downgraded 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, April 13th. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of “Moderate Buy” and an average price target of $121.91.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

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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