Copperwynd Financial LLC Grows Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 25th, 2023

Copperwynd Financial LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 456.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,257 shares of the oil and gas company’s stock after buying an additional 13,336 shares during the quarter. Exxon Mobil accounts for about 1.0% of Copperwynd Financial LLC’s investment portfolio, making the stock its 22nd largest holding. Copperwynd Financial LLC’s holdings in Exxon Mobil were worth $1,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in XOM. Cookson Peirce & Co. Inc. lifted its stake in Exxon Mobil by 16.6% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 1,469 shares during the last quarter. CTC Capital Management LLC bought a new position in Exxon Mobil during the third quarter worth $1,807,000. Kestra Private Wealth Services LLC lifted its stake in Exxon Mobil by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after purchasing an additional 5,770 shares during the last quarter. Northstar Asset Management LLC lifted its stake in Exxon Mobil by 3.0% during the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after purchasing an additional 925 shares during the last quarter. Finally, TTP Investments Inc. lifted its stake in Exxon Mobil by 0.9% during the fourth quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 181 shares during the last quarter. 57.49% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Stock Up 1.9 %

XOM stock opened at $118.20 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $111.05 and a two-hundred day moving average price of $110.07. The company has a market cap of $479.81 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.54 and a beta of 1.08. Exxon Mobil Co. has a twelve month low of $79.29 and a twelve month high of $119.63.

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

Exxon Mobil Announces Dividend

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

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 1st. The stock was 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 directly owns 31,772 shares in the company, valued at $3,669,666. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on XOM shares. Morgan Stanley increased their target price on Exxon Mobil from $114.00 to $118.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Mizuho increased their target price on Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Argus increased their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research report on Thursday, February 2nd. Truist Financial increased their target price on Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. Finally, UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.