Ieq Capital LLC Has $13.02 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Apr 30th, 2023

Ieq Capital LLC increased its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,059 shares of the oil and gas company’s stock after buying an additional 6,632 shares during the period. Ieq Capital LLC’s holdings in Exxon Mobil were worth $13,022,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XOM. Price T Rowe Associates Inc. MD boosted its position in Exxon Mobil by 94.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after buying an additional 19,230,872 shares during the period. Great West Life Assurance Co. Can bought a new position in Exxon Mobil during the 3rd quarter worth approximately $347,253,000. Dimensional Fund Advisors LP raised its holdings in Exxon Mobil by 12.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 28,269,263 shares of the oil and gas company’s stock worth $2,468,477,000 after purchasing an additional 3,094,957 shares during the last quarter. Barclays PLC raised its holdings in Exxon Mobil by 70.9% during the 3rd quarter. Barclays PLC now owns 6,546,333 shares of the oil and gas company’s stock worth $571,557,000 after purchasing an additional 2,716,651 shares during the last quarter. Finally, CFS Investment Advisory Services LLC raised its holdings in Exxon Mobil by 8,427.5% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 1,930,117 shares of the oil and gas company’s stock worth $272,000 after purchasing an additional 1,907,483 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $118.34 on Friday. The firm has a market capitalization of $480.38 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The firm has a fifty day simple moving average of $111.20 and a two-hundred day simple moving average of $110.48. The company has a current ratio of 1.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.20. Exxon Mobil Co. has a 12 month low of $80.69 and a 12 month high of $119.92.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. The business had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. Exxon Mobil’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.07 EPS. Analysts forecast that Exxon Mobil Co. will post 9.9 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Monday, May 15th. Exxon Mobil’s dividend payout ratio is 27.45%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XOM. Redburn Partners lowered shares of Exxon Mobil from a “neutral” rating to a “sell” rating in a report on Wednesday, January 18th. Bank of America raised their price target on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Piper Sandler lowered their price target on shares of Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday, April 20th. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. Finally, StockNews.com assumed coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They set a “hold” rating for the company. One 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 data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average price target of $124.61.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 transaction, the vice president now directly owns 31,772 shares of the company’s stock, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Exxon Mobil Company Profile

(Get Rating)

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.