Silverlake Wealth Management LLC Buys New Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jun 15th, 2023

Silverlake Wealth Management LLC bought a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,682 shares of the oil and gas company’s stock, valued at approximately $2,281,000. Exxon Mobil comprises 1.4% of Silverlake Wealth Management LLC’s investment portfolio, making the stock its 13th largest position.

Other hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP acquired a new stake in Exxon Mobil in the 4th quarter valued at about $27,000. Corrado Advisors LLC bought a new position in Exxon Mobil in the 4th quarter valued at about $28,000. My Personal CFO LLC raised its holdings in Exxon Mobil by 15,000.0% in the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock valued at $262,000 after acquiring an additional 300 shares during the period. Koesten Hirschmann & Crabtree INC. bought a new position in Exxon Mobil in the 4th quarter valued at about $36,000. Finally, Financial Connections Group Inc. raised its holdings in Exxon Mobil by 1,207.1% in the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 338 shares during the period. 57.49% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $105.20 on Thursday. 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 twelve month low of $80.69 and a twelve month high of $119.92. The stock has a market cap of $425.32 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 0.63 and a beta of 1.09. The company’s fifty day moving average is $109.70 and its 200 day moving average is $109.87.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data 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 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 quarter in the previous year, the firm posted $2.07 earnings per share. Exxon Mobil’s revenue for the quarter was down 4.3% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 9.59 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. The ex-dividend date was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.46%. Exxon Mobil’s dividend payout ratio (DPR) is currently 24.64%.

Analyst Ratings Changes

Several research analysts have weighed in on XOM shares. StockNews.com started coverage on shares of Exxon Mobil in a report on Thursday, May 18th. They issued a “hold” rating on the stock. The Goldman Sachs Group cut shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a report on Monday, May 1st. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. 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 report on Friday, March 3rd. Finally, Mizuho lowered their target price on shares of Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.70.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

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.