Clearstead Trust LLC Has $3.69 Million Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 21st, 2023

Clearstead Trust LLC grew its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,490 shares of the oil and gas company’s stock after purchasing an additional 449 shares during the quarter. Exxon Mobil comprises approximately 1.2% of Clearstead Trust LLC’s investment portfolio, making the stock its 21st biggest position. Clearstead Trust LLC’s holdings in Exxon Mobil were worth $3,693,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Cookson Peirce & Co. Inc. boosted its stake in shares of Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock valued at $1,140,000 after buying an additional 1,469 shares during the period. CTC Capital Management LLC bought a new stake in shares of Exxon Mobil in the third quarter valued at approximately $1,807,000. Northstar Asset Management LLC boosted its stake in shares of 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 valued at $3,558,000 after buying an additional 925 shares during the period. TTP Investments Inc. boosted its stake in shares of Exxon Mobil by 0.9% in the fourth quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock valued at $2,299,000 after buying an additional 181 shares during the period. Finally, WMG Financial Advisors LLC boosted its stake in shares of Exxon Mobil by 0.9% in the third 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 and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Stock Performance

NYSE XOM opened at $115.64 on Friday. The company has a market capitalization of $469.42 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.54 and a beta of 1.08. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month high of $119.63. The stock has a fifty day simple moving average of $111.10 and a 200 day simple moving average of $109.61. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20.

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 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 the consensus estimate of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. Exxon Mobil’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.05 earnings per share. Sell-side analysts expect that Exxon Mobil Co. will post 9.93 EPS for the current year.

Exxon Mobil Announces Dividend

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

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the 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 completion of the sale, the vice president now directly 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 accessible through this hyperlink. Company insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Morgan Stanley boosted their price target on Exxon Mobil from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday. Redburn Partners cut Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Mizuho upped their target price on Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Piper Sandler cut their target price on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Argus upped their target price 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 analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil presently has an average 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.