Stockman Wealth Management Inc. Decreases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by on May 8th, 2023

Stockman Wealth Management Inc. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,656 shares of the oil and gas company’s stock after selling 6,811 shares during the quarter. Exxon Mobil makes up about 2.1% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its 14th largest holding. Stockman Wealth Management Inc.’s holdings in Exxon Mobil were worth $9,338,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Clear Perspectives Financial Planning LLC boosted its position in shares of Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 272 shares during the period. Align Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $38,000. Orion Capital Management LLC bought a new position in shares of Exxon Mobil in the third quarter worth approximately $44,000. Red Tortoise LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth approximately $46,000. Finally, Ulland Investment Advisors LLC boosted its position in shares of Exxon Mobil by 67.2% in the fourth quarter. Ulland Investment Advisors LLC now owns 428 shares of the oil and gas company’s stock worth $47,000 after purchasing an additional 172 shares during the period. 57.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the sale, the vice president now directly owns 29,272 shares in the company, valued at approximately $3,398,771.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. HSBC upped their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. Argus boosted their target price on shares of Exxon Mobil from $128.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Mizuho boosted their target price on shares of Exxon Mobil from $140.00 to $147.00 in a report on Friday, March 10th. Wells Fargo & Company boosted their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Finally, Piper Sandler decreased their price target on shares of Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating on the stock in a research note on Thursday, April 20th. One equities 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.25.

Exxon Mobil Stock Up 2.5 %

Shares of Exxon Mobil stock opened at $108.68 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The firm’s 50-day moving average is $111.07 and its two-hundred day moving average is $110.86. The stock has a market cap of $439.39 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 0.51 and a beta of 1.09.

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 (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company had revenue of $86.56 billion for the quarter, compared to analysts’ expectations of $90.07 billion. During the same period in the prior year, the business earned $2.07 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, research analysts expect that Exxon Mobil Co. will post 10.01 earnings per share 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. Stockholders of record on Tuesday, May 16th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 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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