BCGM Wealth Management LLC Increases Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on May 8th, 2023

BCGM Wealth Management LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,040 shares of the oil and gas company’s stock after purchasing an additional 284 shares during the quarter. Exxon Mobil makes up about 1.8% of BCGM Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. BCGM Wealth Management LLC’s holdings in Exxon Mobil were worth $3,644,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Clear Perspectives Financial Planning LLC grew its stake in shares of Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 272 shares during the period. Align Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $38,000. Orion Capital Management LLC purchased a new position in shares of Exxon Mobil in the 3rd quarter worth about $44,000. Red Tortoise LLC acquired a new position in shares of Exxon Mobil in the 4th quarter valued at about $46,000. Finally, Ulland Investment Advisors LLC grew 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 worth $47,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 57.49% of the company’s stock.

Exxon Mobil Trading Up 2.5 %

NYSE:XOM opened at $108.68 on Monday. The company has a market cap of $439.39 billion, a PE ratio of 7.36, a P/E/G ratio of 0.51 and a beta of 1.09. The business’s 50 day moving average is $111.07 and its two-hundred day moving average is $110.86. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. Exxon Mobil Co. has a 52 week low of $80.69 and a 52 week high of $119.92.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings data 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 return on equity of 31.48% and a net margin of 15.06%. The firm had revenue of $86.56 billion for the quarter, compared to analysts’ expectations of $90.07 billion. During the same period last year, the business posted $2.07 earnings per share. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts predict that Exxon Mobil Co. will post 10.01 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced 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. The ex-dividend date is Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.35%. Exxon Mobil’s payout ratio is currently 24.64%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Cowen lifted their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the company a “market perform” rating in a research report on Thursday, February 2nd. Wells Fargo & Company upped their price target 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. Piper Sandler cut their price objective on Exxon Mobil from $135.00 to $134.00 and set an “overweight” rating on the stock in a research report on Thursday, April 20th. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. Finally, The Goldman Sachs Group downgraded Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a report on Monday, May 1st. One 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.25.

Insider Activity

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

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.