Von Berge Wealth Management Group LLC Decreases Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 25th, 2023

Von Berge Wealth Management Group LLC lowered its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,759 shares of the oil and gas company’s stock after selling 1,228 shares during the period. Exxon Mobil accounts for 1.8% of Von Berge Wealth Management Group LLC’s investment portfolio, making the stock its 18th biggest holding. Von Berge Wealth Management Group LLC’s holdings in Exxon Mobil were worth $2,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Karp Capital Management Corp purchased a new stake in shares of Exxon Mobil during the 3rd quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC grew its stake in 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 valued at $33,000 after buying an additional 272 shares in the last quarter. Align Wealth Management LLC purchased a new position in Exxon Mobil in the 4th quarter valued at approximately $38,000. Mine & Arao Wealth Creation & Management LLC. grew its stake in 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 valued at $39,000 after buying an additional 169 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new position in Exxon Mobil in the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on XOM. Truist Financial lifted their price objective on shares of Exxon Mobil from $110.00 to $116.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. 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. Piper Sandler reduced their price target 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. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Finally, Cowen boosted their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research report on Thursday, February 2nd. 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.61.

Exxon Mobil Stock Performance

Exxon Mobil 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 company has a market capitalization of $479.81 billion, a PE ratio of 8.91, a P/E/G ratio of 0.54 and a beta of 1.08. The firm has a fifty day simple moving average of $111.05 and a two-hundred day simple moving average of $110.07. 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, topping the consensus estimate of $3.32 by $0.08. The business had revenue of $95.43 billion during 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 firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.05 earnings per share. Research analysts expect that Exxon Mobil Co. will post 9.9 EPS for the current year.

Exxon Mobil Dividend Announcement

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

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 shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at $3,669,666. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.04% of the company’s stock.

Exxon Mobil Company Profile

(Get Rating)

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.