Exxon Mobil Co. (NYSE:XOM) Shares Sold by Alpha Omega Wealth Management LLC

Posted by Defense World Staff on Apr 23rd, 2023

Alpha Omega Wealth Management LLC reduced its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,711 shares of the oil and gas company’s stock after selling 405 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Exxon Mobil were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Karp Capital Management Corp purchased a new stake in shares of Exxon Mobil in the third quarter valued at about $28,000. Clear Perspectives Financial Planning LLC lifted its stake in Exxon Mobil by 259.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $38,000. Mine & Arao Wealth Creation & Management LLC. increased its position in Exxon Mobil by 61.7% during 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 buying an additional 169 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Exxon Mobil in the third quarter worth $44,000. 57.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Piper Sandler dropped their price objective on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a research report on Thursday. StockNews.com began coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They set a “hold” rating for the company. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Truist Financial raised their target price on shares of Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Finally, Bank of America boosted their price target on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and a consensus target price of $124.61.

Exxon Mobil Stock Up 0.3 %

Shares of NYSE:XOM opened at $116.01 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63. The stock has a market capitalization of $470.92 billion, a P/E ratio of 8.75, a PEG ratio of 0.54 and a beta of 1.08. The stock has a 50-day simple moving average of $111.04 and a 200-day simple moving average of $109.78.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the previous year, the business earned $2.05 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts forecast that Exxon Mobil Co. will post 9.99 earnings per share 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 given a dividend of $0.91 per share. 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 (DPR) is presently 27.45%.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

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.