Exxon Mobil Co. (NYSE:XOM) Holdings Decreased by Conestoga Capital Advisors LLC

Posted by Defense World Staff on Apr 21st, 2023

Conestoga Capital Advisors LLC cut its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,929 shares of the oil and gas company’s stock after selling 650 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in Exxon Mobil were worth $764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Axiom Financial Strategies LLC raised its position in Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc bought a new stake in Exxon Mobil in the first quarter worth about $275,000. Loomis Sayles & Co. L P raised its position in Exxon Mobil by 318.8% in the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after acquiring an additional 13,065 shares in the last quarter. Ergoteles LLC raised its position in Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after acquiring an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in Exxon Mobil in the first quarter worth about $237,000. 57.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 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.

Exxon Mobil Stock Down 0.8 %

Shares of Exxon Mobil stock opened at $115.64 on Friday. The firm has a market cap of $469.42 billion, a price-to-earnings 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 current ratio of 1.41 and a quick ratio of 1.06. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week high of $119.63. The stock has a 50-day simple moving average of $111.10 and a 200-day simple moving average of $109.61.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly 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 analyst estimates of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 EPS. On average, equities research analysts expect that Exxon Mobil Co. will post 9.93 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors 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 annualized dividend and a yield of 3.15%. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays boosted their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Truist Financial lifted their price target on Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Argus lifted their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. B. Riley lifted their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, Piper Sandler dropped their price target on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.54.

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.