Rocky Mountain Advisers LLC Lowers Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 23rd, 2023

Rocky Mountain Advisers LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,293 shares of the oil and gas company’s stock after selling 167 shares during the quarter. Rocky Mountain Advisers LLC’s holdings in Exxon Mobil were worth $143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of XOM. My Personal CFO LLC boosted its stake in shares of Exxon Mobil by 15,000.0% during the fourth quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock valued at $262,000 after purchasing an additional 300 shares in the last quarter. Karp Capital Management Corp bought a new stake in Exxon Mobil during the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC increased its holdings in shares of 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 acquiring an additional 272 shares during the period. Red Tortoise LLC bought a new position in shares of Exxon Mobil in the 4th quarter worth $46,000. Finally, Ulland Investment Advisors LLC lifted its stake in shares of Exxon Mobil by 67.2% during the 4th quarter. Ulland Investment Advisors LLC now owns 428 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 172 shares during the last quarter. 57.49% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Stock Up 0.3 %

XOM stock opened at $116.01 on Friday. The company has a market capitalization of $470.92 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. Exxon Mobil Co. has a 12 month low of $79.29 and a 12 month high of $119.63. The firm’s fifty day simple moving average is $111.04 and its 200-day simple moving average is $109.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, beating the consensus estimate of $3.32 by $0.08. The company had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.05 earnings per share. As a group, equities research 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 was Monday, February 13th. Exxon Mobil’s dividend payout ratio is currently 27.45%.

Analysts Set New Price Targets

A number of equities analysts have commented on XOM shares. Morgan Stanley boosted their target price on shares of Exxon Mobil from $114.00 to $118.00 and gave the stock an “overweight” rating in a report on Wednesday. Argus raised their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Piper Sandler lowered their price target on shares of Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating on the stock in a report on Thursday. Barclays raised their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Finally, HSBC raised their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday. One equities research 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 MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and a consensus 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.