Exxon Mobil Co. (NYSE:XOM) Shares Sold by Brandywine Oak Private Wealth LLC

Posted by Defense World Staff on May 2nd, 2023

Brandywine Oak Private Wealth LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,510 shares of the oil and gas company’s stock after selling 104 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in Exxon Mobil were worth $2,483,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XOM. Axiom Financial Strategies LLC increased its position in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $275,000. Loomis Sayles & Co. L P increased its position in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after acquiring an additional 13,065 shares during the last quarter. Ergoteles LLC increased its position in shares of Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after acquiring an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in shares of Exxon Mobil during the first quarter valued at about $237,000. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Down 3.1 %

Shares of NYSE:XOM opened at $114.67 on Tuesday. The firm has a 50 day simple moving average of $111.27 and a 200-day simple moving average of $110.66. The company has a market capitalization of $465.48 billion, a PE ratio of 8.65, 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 $119.92. 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 (NYSE:XOM – Get Rating) last announced its 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 for the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 EPS. On average, equities analysts predict that Exxon Mobil Co. will post 9.9 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.17%. Exxon Mobil’s payout ratio is 27.45%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Piper Sandler lowered their price objective on shares of Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a research note on Thursday, April 20th. Truist Financial raised their price objective on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday. Wells Fargo & Company raised their price objective on shares of Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. B. Riley raised their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Finally, Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.07.

Insider Activity

In other 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 value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil 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.

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

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