Affinia Financial Group LLC Makes New Investment in Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 20th, 2023

Affinia Financial Group LLC purchased a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,064 shares of the oil and gas company’s stock, valued at approximately $447,000. Exxon Mobil comprises about 0.4% of Affinia Financial Group LLC’s investment portfolio, making the stock its 17th biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in 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 acquiring an additional 19,230,872 shares during the period. Great West Life Assurance Co. Can bought a new stake in Exxon Mobil during the 3rd quarter worth approximately $347,253,000. Dimensional Fund Advisors LP raised its stake in Exxon Mobil by 12.3% during the 3rd 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 acquiring an additional 3,094,957 shares during the period. Barclays PLC raised its stake in Exxon Mobil by 70.9% during 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 period. Finally, CFS Investment Advisory Services LLC raised its stake in 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. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction 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 completion of the sale, the vice president now directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XOM. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Truist Financial increased 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, April 11th. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $140.00 to $135.00 in a report on Thursday, April 13th. Barclays increased their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Finally, 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 report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.87.

Exxon Mobil Stock Down 0.3 %

Shares of XOM opened at $116.57 on Thursday. The company has a market cap of $473.19 billion, a PE ratio of 8.79, a P/E/G ratio of 0.55 and a beta of 1.08. The business has a fifty day moving average of $111.08 and a 200 day moving average of $109.57. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week 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.

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 (EPS) for the quarter, topping 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 company had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. During the same period last year, the company earned $2.05 earnings per share. Exxon Mobil’s revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.95 EPS for the current year.

Exxon Mobil Announces Dividend

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 of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.12%. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.

Exxon Mobil Company 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.

Featured Stories

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exxon Mobil Co. (NYSE:XOM – Get Rating).

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

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.