Mastrapasqua Asset Management Inc. Purchases 934 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 21st, 2023

Mastrapasqua Asset Management Inc. grew its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,859 shares of the oil and gas company’s stock after acquiring an additional 934 shares during the period. Mastrapasqua Asset Management Inc.’s holdings in Exxon Mobil were worth $1,529,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Wealthquest Corp boosted its holdings in shares of Exxon Mobil by 1.4% during the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock worth $578,000 after buying an additional 89 shares during the period. Motive Wealth Advisors boosted its holdings in shares of Exxon Mobil by 2.1% during the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock worth $472,000 after buying an additional 90 shares during the period. Smart Money Group LLC boosted its holdings in shares of Exxon Mobil by 3.8% during the 4th quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock worth $272,000 after buying an additional 91 shares during the period. Tarbox Family Office Inc. raised its stake in Exxon Mobil by 1.2% in the 4th quarter. Tarbox Family Office Inc. now owns 7,968 shares of the oil and gas company’s stock worth $879,000 after purchasing an additional 93 shares in the last quarter. Finally, FourThought Financial LLC raised its stake in Exxon Mobil by 0.3% in the 3rd quarter. FourThought Financial LLC now owns 31,022 shares of the oil and gas company’s stock worth $2,709,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Trading Down 0.8 %

XOM opened at $115.64 on Friday. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The firm 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. The company’s 50 day moving average price is $111.10 and its two-hundred day moving average price is $109.61.

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 for the quarter, topping 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 firm had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same period in the previous year, the firm posted $2.05 EPS. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. As a group, research analysts predict that Exxon Mobil Co. will post 9.93 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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 was Monday, February 13th. Exxon Mobil’s dividend payout ratio is currently 27.45%.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $125.00 to $144.00 in a research note on Tuesday. Cowen lifted their price objective on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research note on Thursday, February 2nd. StockNews.com began coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Argus lifted their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, Morgan Stanley lifted their price objective on shares of Exxon Mobil from $114.00 to $118.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $123.54.

Exxon Mobil Company 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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