Hamel Associates Inc. Has $4.38 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on May 2nd, 2023

Hamel Associates Inc. cut its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,655 shares of the oil and gas company’s stock after selling 140 shares during the period. Exxon Mobil comprises approximately 1.5% of Hamel Associates Inc.’s holdings, making the stock its 27th largest holding. Hamel Associates Inc.’s holdings in Exxon Mobil were worth $4,375,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Clear Perspectives Financial Planning LLC raised its holdings in shares of Exxon Mobil by 259.0% in the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after buying an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new position in shares of Exxon Mobil in the 4th quarter worth approximately $38,000. Mine & Arao Wealth Creation & Management LLC. raised its holdings in shares of Exxon Mobil by 61.7% in the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company’s stock worth $39,000 after buying an additional 169 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Exxon Mobil during the 3rd quarter valued at $44,000. Finally, Red Tortoise LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $46,000. 57.49% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

XOM opened at $114.67 on Tuesday. The business’s 50-day moving average price is $111.27 and its two-hundred day moving average price is $110.66. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The company has a market capitalization of $465.48 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 0.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating 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 quarter last year, the business posted $2.07 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities analysts expect that Exxon Mobil Co. will post 9.9 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating for the company in a report on Thursday, April 20th. Barclays raised their price target on Exxon Mobil from $111.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Morgan Stanley increased their price objective on Exxon Mobil from $114.00 to $118.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Truist Financial increased their price objective on Exxon Mobil from $116.00 to $118.00 in a research report on Monday. Finally, HSBC increased their price objective on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. One research 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.com, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $125.07.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now owns 31,772 shares of the company’s stock, valued at $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.

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.