Exxon Mobil Co. (NYSE:XOM) Shares Acquired by CRA Financial Services LLC

Posted by Defense World Staff on Jun 21st, 2023

CRA Financial Services LLC increased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 34.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,768 shares of the oil and gas company’s stock after buying an additional 8,920 shares during the quarter. Exxon Mobil comprises approximately 1.1% of CRA Financial Services LLC’s holdings, making the stock its 19th largest position. CRA Financial Services LLC’s holdings in Exxon Mobil were worth $3,813,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cookson Peirce & Co. Inc. raised its position in shares of Exxon Mobil by 16.6% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 1,469 shares during the period. 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 purchasing an additional 3,507 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of Exxon Mobil by 5.2% during 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 during the period. Northstar Asset Management LLC raised its position in shares of Exxon Mobil by 3.0% during 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 during the period. Finally, TTP Investments Inc. raised its position in shares of Exxon Mobil by 0.9% during 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 during the period. Institutional investors and hedge funds 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 stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the sale, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. HSBC boosted their target price on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. StockNews.com started coverage on Exxon Mobil in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Piper Sandler dropped their price target on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Scotiabank lowered Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $140.00 to $135.00 in a research report on Thursday, April 13th. Finally, Royal Bank of Canada lowered Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price target on the stock. in a research report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.70.

Exxon Mobil Stock Performance

XOM opened at $102.77 on Wednesday. The company has a market cap of $415.50 billion, a PE ratio of 6.96, a price-to-earnings-growth ratio of 0.61 and a beta of 1.09. The stock has a 50-day moving average of $108.88 and a 200-day moving average of $109.71. Exxon Mobil Co. has a 52-week low of $80.69 and a 52-week high of $119.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results 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 company had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the prior year, the company posted $2.07 EPS. 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 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

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.