Echo45 Advisors LLC Takes $254,000 Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 18th, 2023

Echo45 Advisors LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,302 shares of the oil and gas company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also made changes to their positions in XOM. Price T Rowe Associates Inc. MD lifted its position in Exxon Mobil by 94.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after buying an additional 19,230,872 shares during the period. Great West Life Assurance Co. Can purchased a new position in Exxon Mobil during the third quarter worth about $347,253,000. Dimensional Fund Advisors LP lifted its position in Exxon Mobil by 12.3% during the third quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after buying an additional 3,094,957 shares during the period. Barclays PLC lifted its position in Exxon Mobil by 70.9% during the third quarter. Barclays PLC now owns 6,546,333 shares of the oil and gas company’s stock worth $571,557,000 after buying an additional 2,716,651 shares during the period. Finally, CFS Investment Advisory Services LLC lifted its position in Exxon Mobil by 8,427.5% during the third quarter. CFS Investment Advisory Services LLC now owns 1,930,117 shares of the oil and gas company’s stock worth $272,000 after buying an additional 1,907,483 shares during the period. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred 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 directly owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Truist Financial increased their target price on Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. B. Riley lifted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Bank of America lifted their price objective on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Finally, Mizuho lifted their price objective on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. One 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.com, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $121.91.

Exxon Mobil Price Performance

XOM stock opened at $114.70 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week high of $119.63. The stock’s 50 day moving average is $110.92 and its two-hundred day moving average is $109.13. The company has a market capitalization of $466.94 billion, a PE ratio of 8.65, a P/E/G ratio of 0.54 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 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 business had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. During the same period in the previous year, the business earned $2.05 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. Analysts predict that Exxon Mobil Co. will post 9.95 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued 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 3.17%. Exxon Mobil’s dividend payout ratio (DPR) is 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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