Congress Wealth Management LLC DE Sells 1,845 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 26th, 2023

Congress Wealth Management LLC DE lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,014 shares of the oil and gas company’s stock after selling 1,845 shares during the period. Congress Wealth Management LLC DE’s holdings in Exxon Mobil were worth $4,414,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wealthquest Corp boosted its holdings in Exxon Mobil by 1.4% in the third quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock valued at $578,000 after acquiring an additional 89 shares during the last quarter. Bank of The West boosted its holdings in Exxon Mobil by 0.8% in the fourth quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after acquiring an additional 89 shares during the last quarter. Motive Wealth Advisors boosted its holdings in Exxon Mobil by 2.1% in the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after acquiring an additional 90 shares during the last quarter. Smart Money Group LLC boosted its holdings in Exxon Mobil by 3.8% in the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after acquiring an additional 91 shares during the last quarter. Finally, Tarbox Family Office Inc. boosted its holdings in Exxon Mobil by 1.2% in the fourth quarter. Tarbox Family Office Inc. now owns 7,968 shares of the oil and gas company’s stock valued at $879,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Down 1.4 %

XOM stock opened at $116.52 on Wednesday. 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 $110.18. The company has a market cap of $472.99 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 0.55 and a beta of 1.08. Exxon Mobil Co. has a twelve month low of $80.69 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 3.12%. Exxon Mobil’s dividend payout ratio is 27.45%.

Insider Buying and Selling at Exxon Mobil

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 stock was 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 in the company, valued at approximately $3,669,666. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on XOM. Truist Financial raised their price target on Exxon Mobil from $110.00 to $116.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Morgan Stanley increased their target price on Exxon Mobil from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Wells Fargo & Company increased their target price on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their target price for the company from $125.00 to $144.00 in a research note on Tuesday, April 18th. Finally, Barclays increased their target price on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and a consensus price target of $124.61.

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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