Family Firm Inc. Grows Position in Exxon Mobil Co. (NYSE:XOM)

Posted by on May 8th, 2023

Family Firm Inc. grew its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,984 shares of the oil and gas company’s stock after purchasing an additional 574 shares during the quarter. Family Firm Inc.’s holdings in Exxon Mobil were worth $1,101,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Clear Perspectives Financial Planning LLC raised its stake in shares of Exxon Mobil by 259.0% during the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 272 shares in the last quarter. Align Wealth Management LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $38,000. Orion Capital Management LLC bought a new stake in shares of Exxon Mobil during the 3rd quarter valued at $44,000. Red Tortoise LLC bought a new stake in shares of Exxon Mobil during the 4th quarter valued at $46,000. Finally, Ulland Investment Advisors LLC boosted its holdings in shares of Exxon Mobil by 67.2% during the 4th quarter. Ulland Investment Advisors LLC now owns 428 shares of the oil and gas company’s stock valued at $47,000 after buying an additional 172 shares in the last quarter. 57.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the transaction, the vice president now owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. HSBC upped their price target 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. B. Riley upped their price target on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Bank of America increased their target price on shares of Exxon Mobil from $136.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. Finally, Argus upped their price target on Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.25.

Exxon Mobil Trading Up 2.5 %

XOM opened at $108.68 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. Exxon Mobil Co. has a one year low of $80.69 and a one year high of $119.92. The company has a market cap of $439.39 billion, a P/E ratio of 7.36, a PEG ratio of 0.51 and a beta of 1.09. The business’s 50-day simple moving average is $111.07 and its 200-day simple moving average is $110.86.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its 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 31.48% and a net margin of 15.06%. The business had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same quarter last year, the company earned $2.07 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts expect that Exxon Mobil Co. will post 10.01 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

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 given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.

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.

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

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