AM Investment Strategies LLC Acquires New Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by on Apr 30th, 2023

AM Investment Strategies LLC acquired a new stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,207 shares of the oil and gas company’s stock, valued at approximately $243,000.

Several other hedge funds also recently bought and sold shares of the company. Wealthquest Corp grew its stake in Exxon Mobil by 1.4% in the 3rd quarter. Wealthquest Corp now owns 6,629 shares of the oil and gas company’s stock worth $578,000 after buying an additional 89 shares in the last quarter. Bank of The West boosted its stake in shares of Exxon Mobil by 0.8% in the 4th quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after purchasing an additional 89 shares in the last quarter. Motive Wealth Advisors raised its holdings in Exxon Mobil by 2.1% during the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after buying an additional 90 shares during the last quarter. Smart Money Group LLC raised its holdings in Exxon Mobil by 3.8% during the 4th quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after buying an additional 91 shares during the last quarter. Finally, Tarbox Family Office Inc. raised its holdings in Exxon Mobil by 1.2% during the 4th quarter. Tarbox Family Office Inc. now owns 7,968 shares of the oil and gas company’s stock valued at $879,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the firm’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 transaction of $288,750.00. Following the sale, 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 is available through this hyperlink. 0.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. B. Riley upped their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Wells Fargo & Company increased their price target 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. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the stock from $125.00 to $144.00 in a research note on Tuesday, April 18th. StockNews.com started coverage on shares of Exxon Mobil in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, HSBC increased their price objective on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.61.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $118.34 on Friday. The firm’s 50 day moving average price is $111.20 and its 200-day moving average price is $110.48. Exxon Mobil Co. has a twelve month low of $80.69 and a twelve month high of $119.92. 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 stock 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.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.18. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The firm had revenue of $86.56 billion for the quarter, compared to analysts’ expectations of $90.07 billion. During the same quarter in the prior year, the business earned $2.07 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. Equities research analysts expect that Exxon Mobil Co. will post 9.9 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th will be paid 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 is Monday, May 15th. Exxon Mobil’s payout ratio is 27.45%.

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.

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

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