Bfsg LLC Acquires 519 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 24th, 2023

Bfsg LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,722 shares of the oil and gas company’s stock after buying an additional 519 shares during the quarter. Exxon Mobil makes up approximately 1.7% of Bfsg LLC’s investment portfolio, making the stock its 12th largest position. Bfsg LLC’s holdings in Exxon Mobil were worth $8,352,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Karp Capital Management Corp acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $28,000. Clear Perspectives Financial Planning LLC increased its position in Exxon Mobil by 259.0% during 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 purchasing an additional 272 shares during the period. Align Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at approximately $38,000. Mine & Arao Wealth Creation & Management LLC. increased its position in Exxon Mobil by 61.7% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 169 shares during the period. Finally, Orion Capital Management LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at approximately $44,000. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Price Performance

XOM opened at $116.01 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06. The company has a market capitalization of $470.92 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 0.54 and a beta of 1.08. The firm’s fifty day moving average price is $111.04 and its two-hundred day moving average price is $109.95. Exxon Mobil Co. has a 1 year low of $79.29 and a 1 year high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data 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. The firm had revenue of $95.43 billion for the quarter, compared to the consensus estimate of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 EPS. As a group, analysts anticipate that Exxon Mobil Co. will post 9.9 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors 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 was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is currently 27.45%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on XOM shares. Piper Sandler decreased 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 report on Thursday. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $144.00 in a research note on Tuesday, April 18th. Finally, Morgan Stanley lifted their price objective on shares of Exxon Mobil from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and an average target price of $124.61.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by insiders.

About Exxon Mobil

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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.