Exxon Mobil Co. (NYSE:XOM) Stock Holdings Decreased by Greylin Investment Management Inc

Posted by Defense World Staff on Jun 21st, 2023

Greylin Investment Management Inc decreased its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 588,692 shares of the oil and gas company’s stock after selling 11,355 shares during the quarter. Exxon Mobil makes up 11.8% of Greylin Investment Management Inc’s holdings, making the stock its 2nd largest holding. Greylin Investment Management Inc’s holdings in Exxon Mobil were worth $64,556,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its stake in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new stake in Exxon Mobil in the 4th quarter worth $5,226,390,000. Price T Rowe Associates Inc. MD lifted its stake in Exxon Mobil by 94.1% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after purchasing an additional 19,230,872 shares in the last quarter. Morgan Stanley lifted its stake in Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after purchasing an additional 5,566,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Exxon Mobil by 272.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,606,938 shares of the oil and gas company’s stock worth $287,545,000 after purchasing an additional 1,906,940 shares in the last quarter. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research analyst reports. Piper Sandler decreased their price target on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. Mizuho reduced their target price on shares of Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. The Goldman Sachs Group downgraded shares of 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. Finally, Jefferies Financial Group reduced their target price on shares of Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.70.

Exxon Mobil Price Performance

Shares of XOM stock opened at $102.77 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. The company has a market capitalization of $415.50 billion, a P/E ratio of 6.96, a P/E/G ratio of 0.61 and a beta of 1.09. The company’s 50-day simple moving average is $108.88 and its two-hundred day simple moving average is $109.71. Exxon Mobil Co. has a one year low of $80.69 and a one year high of $119.92.

Exxon Mobil (NYSE:XOM – Get Rating) last announced its quarterly earnings results 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 firm had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. During the same quarter in the prior year, the company earned $2.07 EPS. The company’s revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that Exxon Mobil Co. will post 9.59 EPS for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s payout ratio is presently 24.64%.

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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