Sabal Trust CO Purchases 3,044 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 22nd, 2023

Sabal Trust CO grew its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,250 shares of the oil and gas company’s stock after purchasing an additional 3,044 shares during the quarter. Sabal Trust CO’s holdings in Exxon Mobil were worth $5,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Karp Capital Management Corp bought a new position in shares of Exxon Mobil in the third quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC boosted its position 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 purchasing an additional 272 shares during the period. Align Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $38,000. Mine & Arao Wealth Creation & Management LLC. boosted its position 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 purchasing an additional 169 shares during the period. Finally, Orion Capital Management LLC bought a new position in shares of Exxon Mobil during the third quarter worth $44,000. 57.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Cowen upped their target price on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a “market perform” rating in a research report on Thursday, February 2nd. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. StockNews.com initiated coverage on shares of Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating for the company. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock from $125.00 to $144.00 in a research report on Tuesday. Finally, Bank of America upped their target price on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $124.61.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Trading Up 0.3 %

Shares of XOM opened at $116.01 on Friday. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month high of $119.63. The company has a market cap of $470.92 billion, a P/E ratio of 8.75, a P/E/G ratio of 0.55 and a beta of 1.08. 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’s fifty day simple moving average is $111.10 and its 200-day simple moving average is $109.61.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.08. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 9.99 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio is presently 27.45%.

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.