Alera Investment Advisors LLC Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 25th, 2023

Alera Investment Advisors LLC lowered its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,502 shares of the oil and gas company’s stock after selling 267 shares during the period. Alera Investment Advisors LLC’s holdings in Exxon Mobil were worth $386,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Karp Capital Management Corp purchased a new stake in Exxon Mobil during the third quarter worth about $28,000. Clear Perspectives Financial Planning LLC boosted its position 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 bought a new position in Exxon Mobil during the fourth quarter worth about $38,000. Mine & Arao Wealth Creation & Management LLC. boosted its position 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 bought a new position in Exxon Mobil during the third quarter worth about $44,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XOM shares. Wells Fargo & Company increased their target price 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. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. Piper Sandler cut 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, April 20th. Mizuho increased their target price on shares of Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Finally, UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $125.00 to $144.00 in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.61.

Insiders Place Their Bets

In other Exxon Mobil 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 transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Up 1.9 %

Shares of XOM opened at $118.20 on Tuesday. The firm’s 50 day simple moving average is $111.05 and its 200 day simple moving average is $110.07. The company has a market capitalization of $479.81 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.54 and a beta of 1.08. 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 Co. has a 1-year low of $79.29 and a 1-year high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its earnings results 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 the consensus estimate of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. Exxon Mobil’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the firm posted $2.05 earnings per share. Sell-side analysts forecast that Exxon Mobil Co. will post 9.9 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Tuesday, February 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 27.45%.

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.