Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Trust Co. of Virginia VA

Posted by on Apr 22nd, 2023

Trust Co. of Virginia VA lifted its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,369 shares of the oil and gas company’s stock after purchasing an additional 262 shares during the period. Trust Co. of Virginia VA’s holdings in Exxon Mobil were worth $3,019,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Wealthquest Corp raised its holdings in Exxon Mobil by 1.4% in the third quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 89 shares in the last quarter. Bank of The West increased its stake in 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 valued at $1,183,000 after purchasing an additional 89 shares during the last quarter. Motive Wealth Advisors increased its stake in Exxon Mobil by 2.1% during the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 90 shares during the last quarter. Smart Money Group LLC increased its stake in Exxon Mobil by 3.8% during the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 91 shares during the last quarter. Finally, Tarbox Family Office Inc. increased its stake in Exxon Mobil by 1.2% during the fourth quarter. Tarbox Family Office Inc. now owns 7,968 shares of the oil and gas company’s stock valued at $879,000 after purchasing an additional 93 shares during the last quarter. 57.49% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE 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 current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company 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 firm has a 50-day moving average of $111.10 and a two-hundred day moving average of $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, 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 the consensus estimate of $90.21 billion. During the same period in the prior year, the company earned $2.05 EPS. Exxon Mobil’s revenue was up 12.3% on a year-over-year basis. As a group, analysts expect that Exxon Mobil Co. will post 9.99 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date was Monday, February 13th. Exxon Mobil’s payout ratio is 27.45%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 1st. The shares were 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 of the company’s stock, valued at $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XOM. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. Piper Sandler lowered their target price on shares of Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a research note on Thursday. Morgan Stanley upped their price target on shares of Exxon Mobil from $114.00 to $118.00 and gave the stock an “overweight” rating in a research report on Wednesday. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. Finally, Barclays upped their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.

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

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