Capital Asset Advisory Services LLC Acquires 413 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jun 18th, 2023

Capital Asset Advisory Services LLC raised its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,377 shares of the oil and gas company’s stock after purchasing an additional 413 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Exxon Mobil were worth $4,300,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. raised its position in Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock valued at $1,140,000 after purchasing an additional 1,469 shares during the last quarter. St. Louis Trust Co raised its position in shares of Exxon Mobil by 11.0% during the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock worth $3,919,000 after acquiring an additional 3,507 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in Exxon Mobil by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after purchasing an additional 5,770 shares in the last quarter. Northstar Asset Management LLC increased its holdings in Exxon Mobil by 3.0% in the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after purchasing an additional 925 shares in the last quarter. Finally, TTP Investments Inc. increased its holdings in Exxon Mobil by 0.9% in the fourth quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 181 shares in the last quarter. 57.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Exxon Mobil Stock Performance

Shares of XOM opened at $105.13 on Friday. The firm has a market cap of $425.04 billion, a PE ratio of 7.12, a PEG ratio of 0.62 and a beta of 1.09. The stock’s fifty day moving average price is $109.32 and its two-hundred day moving average price is $109.81. 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.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same period in the previous year, the company posted $2.07 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Exxon Mobil Co. will post 9.59 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were paid a $0.91 dividend. 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 is currently 24.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XOM. Morgan Stanley lifted their target price on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. StockNews.com began coverage on Exxon Mobil in a report on Thursday, May 18th. They issued a “hold” rating for the company. Wells Fargo & Company lifted their target price on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Mizuho lowered their target price on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Finally, Jefferies Financial Group decreased their price objective on Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Exxon Mobil currently has an average rating of “Moderate Buy” and an average target price of $124.70.

Exxon Mobil Company Profile

(Get Rating)

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.