WPWealth LLP Takes $918,000 Position in Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 21st, 2023

WPWealth LLP acquired a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,322 shares of the oil and gas company’s stock, valued at approximately $918,000. Exxon Mobil makes up 0.5% of WPWealth LLP’s holdings, making the stock its 21st biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Karp Capital Management Corp acquired a new stake in shares of Exxon Mobil in the third quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC boosted its stake in shares of Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 272 shares during the last quarter. Align Wealth Management LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $38,000. Mine & Arao Wealth Creation & Management LLC. boosted its stake in shares of Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after acquiring an additional 169 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the third quarter worth approximately $44,000. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM stock opened at $115.64 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $469.42 billion, a PE ratio of 8.72, a P/E/G ratio of 0.54 and a beta of 1.08. Exxon Mobil Co. has a 12-month low of $79.29 and a 12-month high of $119.63. The business’s fifty day moving average price is $111.10 and its 200 day moving average price is $109.61.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data 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 firm had revenue of $95.43 billion for 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 company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.05 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.93 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed 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 of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a dividend yield of 3.15%. Exxon Mobil’s dividend payout ratio is presently 27.45%.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on XOM shares. Scotiabank lowered Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $140.00 to $135.00 in a research note on Thursday, April 13th. Wells Fargo & Company boosted their price objective on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Piper Sandler lowered their price objective on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday. Mizuho boosted their price objective on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Finally, B. Riley boosted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.

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

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