Walter & Keenan Wealth Management LLC IN ADV Decreases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 18th, 2023

Walter & Keenan Wealth Management LLC IN ADV cut its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,580 shares of the oil and gas company’s stock after selling 160 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Exxon Mobil were worth $2,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in XOM. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 94.1% during the 3rd 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 purchasing an additional 19,230,872 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in Exxon Mobil during the third quarter worth approximately $347,253,000. Dimensional Fund Advisors LP boosted its stake 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 last quarter. Barclays PLC increased its stake in shares of Exxon Mobil by 70.9% in the 3rd quarter. Barclays PLC now owns 6,546,333 shares of the oil and gas company’s stock worth $571,557,000 after acquiring an additional 2,716,651 shares during the last quarter. Finally, CFS Investment Advisory Services LLC raised its holdings in shares of Exxon Mobil by 8,427.5% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 1,930,117 shares of the oil and gas company’s stock worth $272,000 after acquiring 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 Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the 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 transaction, 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com began coverage on shares of Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating for the company. B. Riley lifted their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Cowen increased their price objective on Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. Bank of America upped their price target on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. Finally, Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. 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 company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.91.

Exxon Mobil Trading Down 1.2 %

XOM opened at $114.70 on Tuesday. 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 stock has a market capitalization of $466.94 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.54 and a beta of 1.08. The business has a fifty day moving average price of $110.92 and a 200 day moving average price of $109.13. Exxon Mobil Co. has a 12 month low of $79.29 and a 12 month 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, topping analysts’ consensus estimates of $3.32 by $0.08. The business had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 9.95 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed 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 payout ratio 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.