Sage Rhino Capital LLC Boosts Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 22nd, 2023

Sage Rhino Capital LLC boosted its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,414 shares of the oil and gas company’s stock after buying an additional 761 shares during the quarter. Sage Rhino Capital LLC’s holdings in Exxon Mobil were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Advisor OS LLC lifted its position in shares of Exxon Mobil by 167.4% during the fourth quarter. Advisor OS LLC now owns 11,514 shares of the oil and gas company’s stock worth $1,270,000 after purchasing an additional 7,208 shares during the last quarter. Bank of The West lifted its position in shares of Exxon Mobil by 0.8% during the fourth quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock worth $1,183,000 after purchasing an additional 89 shares during the last quarter. Clearstead Trust LLC lifted its position in shares of Exxon Mobil by 1.4% during the fourth quarter. Clearstead Trust LLC now owns 33,490 shares of the oil and gas company’s stock worth $3,693,000 after purchasing an additional 449 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Exxon Mobil by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after purchasing an additional 5,770 shares during the last quarter. Finally, Baxter Bros Inc. lifted its position in shares of Exxon Mobil by 0.4% during the fourth quarter. Baxter Bros Inc. now owns 277,547 shares of the oil and gas company’s stock worth $30,613,000 after purchasing an additional 1,037 shares during the last quarter. 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 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 transaction, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Price Performance

Shares of XOM stock opened at $116.01 on Friday. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63. The firm has a market capitalization of $470.92 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The stock’s 50-day simple moving average is $111.10 and its 200-day simple moving average is $109.61.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly 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 return on equity of 31.25% and a net margin of 13.47%. The business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts forecast that Exxon Mobil Co. will post 9.99 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared 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 yield of 3.14%. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays lifted their price objective on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. HSBC lifted their price objective on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday. B. Riley lifted their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Cowen lifted their price objective on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Finally, Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $140.00 to $135.00 in a report on Thursday, April 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.61.

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.