Invst LLC Sells 346 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 21st, 2023

Invst LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,652 shares of the oil and gas company’s stock after selling 346 shares during the period. Invst LLC’s holdings in Exxon Mobil were worth $1,236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Cookson Peirce & Co. Inc. increased its stake in shares of Exxon Mobil by 16.6% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock valued at $1,140,000 after acquiring an additional 1,469 shares during the last quarter. CTC Capital Management LLC bought a new stake in Exxon Mobil in the third quarter valued at approximately $1,807,000. Northstar Asset Management LLC raised its holdings in Exxon Mobil by 3.0% in the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after purchasing an additional 925 shares during the period. TTP Investments Inc. boosted its position in shares of Exxon Mobil by 0.9% during the fourth quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 181 shares in the last quarter. Finally, WMG Financial Advisors LLC grew its holdings in shares of Exxon Mobil by 0.9% in the 3rd quarter. WMG Financial Advisors LLC now owns 11,899 shares of the oil and gas company’s stock valued at $1,039,000 after buying an additional 108 shares during the period. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.64 on Friday. The firm’s fifty day moving average price is $111.10 and its two-hundred day moving average price is $109.61. 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 $469.42 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 13.47% and a return on equity of 31.25%. Exxon Mobil’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $2.05 EPS. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.93 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com started coverage on Exxon Mobil in a report on Thursday, March 16th. They set a “hold” rating on the stock. HSBC boosted their price objective on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday. Wells Fargo & Company raised their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Morgan Stanley upped their price target on shares of Exxon Mobil from $114.00 to $118.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Mizuho raised their price objective on shares of Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.54.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the 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 transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

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.

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

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