MGO Private Wealth LLC Has $877,000 Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 27th, 2023

MGO Private Wealth LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,953 shares of the oil and gas company’s stock after buying an additional 910 shares during the quarter. MGO Private Wealth LLC’s holdings in Exxon Mobil were worth $877,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mach 1 Financial Group LLC boosted its stake in shares of Exxon Mobil by 1,698.8% during the fourth quarter. Mach 1 Financial Group LLC now owns 17,970 shares of the oil and gas company’s stock valued at $1,982,000 after purchasing an additional 16,971 shares in the last quarter. Lodestar Private Asset Management LLC bought a new stake in shares of Exxon Mobil during the fourth quarter worth about $972,000. WealthBridge Investment Counsel Inc. bought a new stake in shares of Exxon Mobil during the fourth quarter worth about $893,000. BOK Financial Private Wealth Inc. grew its holdings in shares of Exxon Mobil by 15.2% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 15,209 shares of the oil and gas company’s stock worth $1,678,000 after purchasing an additional 2,010 shares during the last quarter. Finally, Simplicity Solutions LLC grew its holdings in shares of Exxon Mobil by 8.3% during the fourth quarter. Simplicity Solutions LLC now owns 41,785 shares of the oil and gas company’s stock worth $4,609,000 after purchasing an additional 3,206 shares during the last quarter. 57.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction 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 sale, the vice president now owns 31,772 shares in the company, valued at $3,669,666. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on XOM shares. B. Riley boosted their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Scotiabank cut Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $140.00 to $135.00 in a report on Thursday, April 13th. Truist Financial lifted their price objective on Exxon Mobil from $110.00 to $116.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Finally, Morgan Stanley lifted their price objective on Exxon Mobil from $114.00 to $118.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.61.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $115.45 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a twelve month low of $80.69 and a twelve month high of $119.63. The stock’s 50 day moving average is $111.04 and its 200-day moving average is $110.21. The firm has a market capitalization of $468.65 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 0.56 and a beta of 1.08.

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

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued 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 3.15%. Exxon Mobil’s dividend payout ratio (DPR) is currently 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.