Compass Financial Advisors LLC Sells 382 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on May 2nd, 2023

Compass Financial Advisors LLC decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,744 shares of the oil and gas company’s stock after selling 382 shares during the quarter. Exxon Mobil accounts for about 2.5% of Compass Financial Advisors LLC’s holdings, making the stock its 4th biggest holding. Compass Financial Advisors LLC’s holdings in Exxon Mobil were worth $1,847,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in Exxon Mobil by 94.1% during 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 purchasing an additional 19,230,872 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Exxon Mobil by 1.8% during 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 purchasing an additional 560,517 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Exxon Mobil by 12.3% during 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 purchasing an additional 3,094,957 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Exxon Mobil by 2.6% during 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 purchasing an additional 317,096 shares in the last quarter. Finally, Fayez Sarofim & Co raised its holdings in Exxon Mobil by 1.9% during 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 purchasing an additional 196,344 shares in the last quarter. Institutional investors and hedge funds own 57.49% of the company’s stock.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the sale, the vice president now directly owns 31,772 shares in the company, valued at approximately $3,669,666. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

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

Exxon Mobil (NYSE:XOM – Get Rating) last issued its earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.65 by $0.18. The company had revenue of $86.56 billion for 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%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.07 EPS. Analysts forecast that Exxon Mobil Co. will post 9.9 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Exxon Mobil in a report on Thursday, March 16th. They set a “hold” rating on the stock. Morgan Stanley raised their price objective on shares of Exxon Mobil from $114.00 to $118.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. HSBC raised their price objective on shares of Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a report on Thursday, April 20th. The Goldman Sachs Group lowered shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research report on Monday. Finally, Wells Fargo & Company raised their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.07.

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.