Exxon Mobil Co. (NYSE:XOM) Shares Sold by Hunter Associates Investment Management LLC

Posted by Defense World Staff on Apr 24th, 2023

Hunter Associates Investment Management LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,909 shares of the oil and gas company’s stock after selling 2,090 shares during the quarter. Exxon Mobil comprises 1.3% of Hunter Associates Investment Management LLC’s investment portfolio, making the stock its 21st biggest position. Hunter Associates Investment Management LLC’s holdings in Exxon Mobil were worth $5,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XOM. Karp Capital Management Corp purchased a new position in Exxon Mobil during the third quarter worth about $28,000. Clear Perspectives Financial Planning LLC raised its stake in Exxon Mobil by 259.0% during the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 272 shares during the period. Align Wealth Management LLC purchased a new position in Exxon Mobil during the fourth quarter worth about $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake 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 purchasing 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 valued at approximately $44,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Up 0.3 %

NYSE XOM opened at $116.01 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 52 week low of $79.29 and a 52 week high of $119.63. The stock has a market capitalization of $470.92 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.54 and a beta of 1.08. The firm has a 50 day moving average of $111.04 and a two-hundred day moving average of $109.95.

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, topping 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 during the quarter, compared to analysts’ expectations of $90.21 billion. During the same quarter in the previous year, the business posted $2.05 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 9.9 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio is 27.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on XOM shares. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Barclays boosted their price target on shares of Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price target for the company from $125.00 to $144.00 in a research note on Tuesday, April 18th. HSBC boosted their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday. Finally, Redburn Partners downgraded shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.