Ironwood Investment Counsel LLC Boosts Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 24th, 2023

Ironwood Investment Counsel LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,592 shares of the oil and gas company’s stock after acquiring an additional 2,901 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in Exxon Mobil were worth $4,036,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Karp Capital Management Corp purchased a new position in Exxon Mobil during the 3rd quarter valued at $28,000. Clear Perspectives Financial Planning LLC lifted 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 worth $33,000 after buying an additional 272 shares during the period. Align Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the 4th quarter worth $38,000. Mine & Arao Wealth Creation & Management LLC. lifted its holdings in shares of Exxon Mobil by 61.7% in the 3rd 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 during the period. Finally, Orion Capital Management LLC purchased a new stake in shares of Exxon Mobil in the 3rd quarter worth $44,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 1st. The stock was 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 in the company, valued at $3,669,666. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 0.3 %

Shares of XOM stock opened at $116.01 on Monday. The stock’s 50-day simple moving average is $111.04 and its 200-day simple moving average is $109.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The firm has a market capitalization of $470.92 billion, a PE ratio of 8.75, a P/E/G ratio of 0.54 and a beta of 1.08. Exxon Mobil Co. has a fifty-two week low of $79.29 and a fifty-two week high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data 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. The business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company’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. Equities analysts expect that Exxon Mobil Co. will post 9.9 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Tuesday, February 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on XOM shares. Scotiabank cut Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. Truist Financial upped their target price on Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Argus upped their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. B. Riley upped their price objective on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, Piper Sandler decreased their price objective on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $124.61.

Exxon Mobil 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.