Exxon Mobil Co. (NYSE:XOM) is Independent Investors Inc.’s 10th Largest Position

Posted by Defense World Staff on Apr 27th, 2023

Independent Investors Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,203 shares of the oil and gas company’s stock after selling 800 shares during the period. Exxon Mobil comprises approximately 2.0% of Independent Investors Inc.’s holdings, making the stock its 10th biggest holding. Independent Investors Inc.’s holdings in Exxon Mobil were worth $7,082,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Clear Perspectives Financial Planning LLC increased its stake in shares of 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 in the last quarter. Align Wealth Management LLC purchased a new position in shares of Exxon Mobil during the 4th quarter worth 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 worth $39,000 after acquiring an additional 169 shares during the period. Orion Capital Management LLC purchased a new stake in Exxon Mobil in the 3rd quarter worth approximately $44,000. Finally, Red Tortoise LLC purchased a new stake in Exxon Mobil in the 4th quarter worth approximately $46,000. 57.49% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.9 %

XOM stock opened at $115.45 on Thursday. Exxon Mobil Co. has a 12 month low of $80.69 and a 12 month high of $119.63. The firm has a market cap of $468.65 billion, a PE ratio of 8.71, a P/E/G ratio of 0.56 and a beta of 1.08. The firm has a 50 day simple moving average of $111.04 and a 200 day simple moving average of $110.21. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

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 (EPS) for the quarter, beating 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 business had revenue of $95.43 billion for the quarter, compared to analyst estimates of $90.21 billion. During the same quarter in the previous year, the business earned $2.05 earnings per share. The firm’s revenue was up 12.3% compared to the same quarter last year. Equities research analysts forecast that Exxon Mobil Co. will post 9.9 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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 was Monday, February 13th. This represents a $3.64 annualized dividend and a yield of 3.15%. Exxon Mobil’s dividend payout ratio is presently 27.45%.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Redburn Partners cut shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Wells Fargo & Company lifted their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Mizuho lifted their target price on shares of Exxon Mobil from $140.00 to $147.00 in a research note on Friday, March 10th. Finally, Argus lifted their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. One equities research 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 data from MarketBeat.com, Exxon Mobil currently has an average rating of “Moderate Buy” and a consensus target price of $124.61.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the transaction, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.04% of the company’s stock.

About Exxon Mobil

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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.