74,300 Shares in Exxon Mobil Co. (NYSE:XOM) Bought by SP Asset Management LLC

Posted by Defense World Staff on Apr 23rd, 2023

SP Asset Management LLC purchased a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 74,300 shares of the oil and gas company’s stock, valued at approximately $8,195,000. Exxon Mobil makes up about 1.1% of SP Asset Management LLC’s investment portfolio, making the stock its 29th largest holding.

Several other institutional investors have also recently made changes to their positions in XOM. Wealthquest Corp lifted its stake in shares of 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 buying an additional 89 shares in the last quarter. Bank of The West raised its holdings in shares of Exxon Mobil by 0.8% in the 4th quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock worth $1,183,000 after acquiring an additional 89 shares during the last quarter. Motive Wealth Advisors lifted its position in Exxon Mobil by 2.1% in the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after acquiring an additional 90 shares in the last quarter. Smart Money Group LLC boosted its stake in 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 valued at $272,000 after purchasing an additional 91 shares during the last quarter. Finally, Tarbox Family Office Inc. increased its holdings in Exxon Mobil by 1.2% during 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. Institutional investors and hedge funds own 57.49% of the company’s stock.

Insider Activity

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

Exxon Mobil Stock Up 0.3 %

XOM opened at $116.01 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The stock has a market cap of $470.92 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.54 and a beta of 1.08. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month high of $119.63. The company’s 50-day moving average price is $111.04 and its two-hundred day moving average price is $109.78.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) 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 company 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 posted $2.05 earnings per share. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 9.99 earnings per share for the current year.

Exxon Mobil Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on XOM shares. Piper Sandler dropped their target price on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday. 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 report on Thursday, February 2nd. Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Wells Fargo & Company raised their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Finally, Cowen upped 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 report on Thursday, February 2nd. 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.61.

Exxon Mobil Profile

(Get Rating)

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.