Ulland Investment Advisors LLC Buys 172 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 21st, 2023

Ulland Investment Advisors LLC lifted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 67.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 428 shares of the oil and gas company’s stock after purchasing an additional 172 shares during the period. Ulland Investment Advisors LLC’s holdings in Exxon Mobil were worth $47,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WPWealth LLP bought a new position in shares of Exxon Mobil during the 4th quarter valued at $918,000. Reik & CO. LLC purchased a new stake in Exxon Mobil during the 4th quarter valued at $210,000. HWG Holdings LP boosted its position in Exxon Mobil by 57.3% during the 4th quarter. HWG Holdings LP now owns 23,978 shares of the oil and gas company’s stock valued at $2,645,000 after buying an additional 8,735 shares during the period. AIA Group Ltd purchased a new stake in Exxon Mobil during the 4th quarter valued at $2,195,000. Finally, Atticus Wealth Management LLC boosted its position in Exxon Mobil by 4.3% during the 4th quarter. Atticus Wealth Management LLC now owns 4,014 shares of the oil and gas company’s stock valued at $443,000 after buying an additional 166 shares during the period. 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 that occurred on Wednesday, February 1st. The shares were 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 $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Truist Financial increased their price target on shares of Exxon Mobil from $110.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Morgan Stanley increased their price target on shares of Exxon Mobil from $114.00 to $118.00 and gave the company an “overweight” rating in a research report on Wednesday. B. Riley increased 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. Bank of America increased their price target 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. Finally, Piper Sandler dropped their target price on shares of Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $123.54.

Exxon Mobil Stock Down 0.8 %

NYSE:XOM opened at $115.64 on Friday. The firm has a market cap of $469.42 billion, a P/E ratio of 8.72, a P/E/G ratio of 0.54 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The firm has a 50-day simple moving average of $111.10 and a two-hundred day simple moving average of $109.61.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data 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. The business had revenue of $95.43 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $2.05 EPS. Analysts predict that Exxon Mobil Co. will post 9.93 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were paid 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 3.15%. Exxon Mobil’s dividend payout ratio is presently 27.45%.

About Exxon Mobil

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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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