Eclectic Associates Inc. ADV Sells 966 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jun 21st, 2023

Eclectic Associates Inc. ADV decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 6.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,326 shares of the oil and gas company’s stock after selling 966 shares during the quarter. Exxon Mobil accounts for approximately 0.8% of Eclectic Associates Inc. ADV’s holdings, making the stock its 27th biggest holding. Eclectic Associates Inc. ADV’s holdings in Exxon Mobil were worth $1,571,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in XOM. Dark Forest Capital Management LP bought a new stake in Exxon Mobil during the 4th quarter worth about $27,000. Corrado Advisors LLC bought a new stake in Exxon Mobil during the 4th quarter worth about $28,000. My Personal CFO LLC grew its holdings in Exxon Mobil by 15,000.0% during the 4th quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock worth $262,000 after acquiring an additional 300 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in Exxon Mobil during the 4th quarter worth about $36,000. Finally, Financial Connections Group Inc. grew its holdings in Exxon Mobil by 1,207.1% during the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 338 shares during the last quarter. Institutional investors own 58.59% of the company’s stock.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XOM shares. Truist Financial upped their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the company from $125.00 to $144.00 in a research report on Tuesday, April 18th. HSBC increased their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. Jefferies Financial Group cut their price target on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Finally, Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $140.00 to $135.00 in a research report on Thursday, April 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.70.

Exxon Mobil Price Performance

Shares of XOM opened at $102.77 on Wednesday. The stock 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. Exxon Mobil Co. has a twelve month low of $80.69 and a twelve month high of $119.92. The company has a 50 day moving average of $108.88 and a 200-day moving average of $109.71. 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 (NYSE:XOM – Get Rating) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating 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 business had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. During the same period last year, the business earned $2.07 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.59 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors 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 annualized dividend and a dividend yield of 3.54%. Exxon Mobil’s dividend 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.