Paragon Financial Partners Inc. Purchases Shares of 2,248 Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 26th, 2023

Paragon Financial Partners Inc. acquired a new position in Exxon Mobil Co. (NYSE:XOM – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,248 shares of the oil and gas company’s stock, valued at approximately $248,000.

Several other large investors have also recently modified their holdings of XOM. My Personal CFO LLC boosted its holdings in Exxon Mobil by 15,000.0% in the fourth quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock worth $262,000 after acquiring an additional 300 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Exxon Mobil in the 3rd quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC grew its position in Exxon Mobil by 259.0% during the 3rd 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 last quarter. Red Tortoise LLC acquired a new position in Exxon Mobil during the 4th quarter valued at approximately $46,000. Finally, Ulland Investment Advisors LLC raised its holdings in shares of Exxon Mobil by 67.2% in the fourth quarter. Ulland Investment Advisors LLC now owns 428 shares of the oil and gas company’s stock worth $47,000 after buying an additional 172 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cowen upped their target price on Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research report on Thursday, February 2nd. Argus increased their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. B. Riley lifted their target price on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Wells Fargo & Company upped their target price on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, March 3rd. Finally, Mizuho raised their price target on shares of Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.61.

Insider Activity at Exxon Mobil

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 transaction of $288,750.00. Following the completion of the sale, the vice president now 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 through this link. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

NYSE:XOM opened at $116.52 on Wednesday. The company has a fifty day moving average of $111.05 and a two-hundred day moving average of $110.18. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two week high of $119.63. The stock has a market capitalization of $472.99 billion, a PE ratio of 8.79, a P/E/G ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41.

Exxon Mobil (NYSE:XOM – Get Rating) last released 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. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, research analysts forecast that Exxon Mobil Co. will post 9.9 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, February 13th. Exxon Mobil’s payout ratio is 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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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