Breakwater Capital Group Invests $1.46 Million in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 25th, 2023

Breakwater Capital Group acquired a new position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,275 shares of the oil and gas company’s stock, valued at approximately $1,464,000.

Several other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Exxon Mobil by 94.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after buying an additional 19,230,872 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Exxon Mobil by 1.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after purchasing an additional 560,517 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Exxon Mobil by 12.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock valued at $2,468,477,000 after purchasing an additional 3,094,957 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Exxon Mobil by 2.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,456,421 shares of the oil and gas company’s stock valued at $1,087,570,000 after purchasing an additional 317,096 shares during the period. Finally, Fayez Sarofim & Co boosted its holdings in Exxon Mobil by 1.9% in the 3rd quarter. Fayez Sarofim & Co now owns 10,717,955 shares of the oil and gas company’s stock valued at $935,784,000 after purchasing an additional 196,344 shares during the period. 57.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 completion of the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Up 1.9 %

Shares of NYSE XOM opened at $118.20 on Tuesday. Exxon Mobil Co. has a 1-year low of $79.29 and a 1-year high of $119.63. The company has a market cap 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 company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $111.05 and a two-hundred day moving average of $110.07.

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, topping analysts’ consensus estimates 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 the consensus estimate of $90.21 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 9.9 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Ratings Changes

XOM has been the subject of a number of research reports. HSBC increased their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. Wells Fargo & Company increased their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Morgan Stanley increased their price target on shares of Exxon Mobil from $114.00 to $118.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Cowen increased their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a report on Thursday, February 2nd. Finally, Mizuho increased their price objective on shares of Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $124.61.

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.