Modera Wealth Management LLC Purchases 1,002 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on May 8th, 2023

Modera Wealth Management LLC raised its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,604 shares of the oil and gas company’s stock after buying an additional 1,002 shares during the quarter. Modera Wealth Management LLC’s holdings in Exxon Mobil were worth $3,706,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Clear Perspectives Financial Planning LLC increased its position in 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 valued at $33,000 after acquiring an additional 272 shares during the last quarter. Align Wealth Management LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $38,000. Orion Capital Management LLC bought a new position in shares of Exxon Mobil in the third quarter worth about $44,000. Red Tortoise LLC bought a new position in shares of Exxon Mobil in the fourth quarter worth about $46,000. Finally, Ulland Investment Advisors LLC lifted 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 buying an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.

Exxon Mobil Stock Up 2.5 %

Shares of NYSE XOM opened at $108.68 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $439.39 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.51 and a beta of 1.09. The stock’s fifty day simple moving average is $111.07 and its two-hundred day simple moving average is $110.86. Exxon Mobil Co. has a 12-month low of $80.69 and a 12-month high of $119.92.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. The firm had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.07 EPS. As a group, analysts expect that Exxon Mobil Co. will post 10.01 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Tuesday, May 16th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.35%. Exxon Mobil’s dividend payout ratio (DPR) is 24.64%.

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the transaction, the vice president now 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 is accessible through this link. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. Morgan Stanley upped their price objective on Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. Argus upped their price objective on Exxon Mobil from $128.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. The Goldman Sachs Group downgraded Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a research report on Monday, May 1st. Finally, HSBC upped 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 given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average price target of $125.25.

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.

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

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