Exxon Mobil Co. (NYSE:XOM) Shares Sold by MCF Advisors LLC

Posted by on Apr 21st, 2023

MCF Advisors LLC lowered its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,701 shares of the oil and gas company’s stock after selling 193 shares during the period. MCF Advisors LLC’s holdings in Exxon Mobil were worth $1,842,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Axiom Financial Strategies LLC raised its holdings in shares of Exxon Mobil by 17.4% during 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 acquired a new position in Exxon Mobil during the first quarter worth $275,000. Loomis Sayles & Co. L P increased its position in Exxon Mobil by 318.8% during 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 buying an additional 13,065 shares during the last quarter. Ergoteles LLC increased its position in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after buying an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new position in Exxon Mobil during the first quarter worth $237,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Performance

NYSE:XOM opened at $115.64 on Friday. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63. The firm has a 50 day moving average of $111.10 and a 200-day moving average of $109.61. 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 stock 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.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company had revenue of $95.43 billion during the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the previous year, the company posted $2.05 earnings per share. Exxon Mobil’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exxon Mobil Co. will post 9.93 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Insider Activity

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 transaction, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of several research analyst reports. Barclays raised their price target on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $140.00 to $135.00 in a research report on Thursday, April 13th. B. Riley raised their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. HSBC raised their price target on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Company raised their price target on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $123.54.

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.

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

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