Exxon Mobil Co. (NYSE:XOM) Shares Sold by Herbst Group LLC

Posted by on Apr 26th, 2023

Herbst Group LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,250 shares of the oil and gas company’s stock after selling 2,800 shares during the quarter. Exxon Mobil makes up approximately 3.2% of Herbst Group LLC’s holdings, making the stock its 4th biggest holding. Herbst Group LLC’s holdings in Exxon Mobil were worth $3,998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. My Personal CFO LLC boosted its position in shares of 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 during the last quarter. Karp Capital Management Corp purchased a new position in Exxon Mobil during the third quarter worth approximately $28,000. Clear Perspectives Financial Planning LLC increased its stake 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 acquiring an additional 272 shares during the last quarter. Red Tortoise LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Finally, Ulland Investment Advisors LLC raised its holdings in 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 valued at $47,000 after buying an additional 172 shares during the period. 57.49% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 1.4 %

NYSE:XOM opened at $116.52 on Wednesday. Exxon Mobil Co. has a 52 week low of $80.69 and a 52 week high of $119.63. 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 cap 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 business’s 50 day moving average is $111.05 and its two-hundred day moving average is $110.18.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $95.43 billion for the quarter, compared to analysts’ expectations of $90.21 billion. During the same period last year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 9.9 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.12%. Exxon Mobil’s dividend payout ratio (DPR) is 27.45%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Exxon Mobil from $111.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 3rd. B. Riley increased their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Mizuho raised their price objective on Exxon Mobil from $140.00 to $147.00 in a research report on Friday, March 10th. Redburn Partners downgraded Exxon Mobil from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 18th. Finally, HSBC raised their target price on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. One investment 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.61.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

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.

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

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