Murphy Pohlad Asset Management LLC Trims Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on May 2nd, 2023

Murphy Pohlad Asset Management LLC decreased its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,660 shares of the oil and gas company’s stock after selling 120 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in Exxon Mobil were worth $514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Exxon Mobil by 94.1% in the third 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 acquiring an additional 19,230,872 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after acquiring an additional 560,517 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Exxon Mobil by 12.3% in the third 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 acquiring an additional 3,094,957 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Exxon Mobil by 2.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,456,421 shares of the oil and gas company’s stock worth $1,087,570,000 after acquiring an additional 317,096 shares during the period. Finally, Fayez Sarofim & Co boosted its stake in shares of Exxon Mobil by 1.9% in the third quarter. Fayez Sarofim & Co now owns 10,717,955 shares of the oil and gas company’s stock worth $935,784,000 after acquiring an additional 196,344 shares during the period. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Bank of America increased their price target on Exxon Mobil from $136.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, February 1st. Morgan Stanley increased their price target on Exxon Mobil from $114.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Redburn Partners lowered Exxon Mobil from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 18th. Wells Fargo & Company increased their price target on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, March 3rd. Finally, HSBC increased their price target on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.07.

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 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 transaction, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by company insiders.

Exxon Mobil Trading Down 3.1 %

Shares of NYSE XOM opened at $114.67 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. The business’s 50 day moving average price is $111.27 and its 200-day moving average price is $110.66. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two week high of $119.92. The company has a market cap of $465.48 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.55 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings results 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 return on equity of 31.25% and a net margin of 13.47%. The firm had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. During the same period in the prior year, the business posted $2.07 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, sell-side analysts expect that Exxon Mobil Co. will post 9.9 earnings per share for the current 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. The ex-dividend date of this dividend is Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.17%. Exxon Mobil’s payout ratio 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.