Exxon Mobil Co. (NYSE:XOM) Stock Holdings Reduced by 180 Wealth Advisors LLC

Posted by on Jun 21st, 2023

180 Wealth Advisors LLC lowered its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 7.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,138 shares of the oil and gas company’s stock after selling 4,241 shares during the quarter. Exxon Mobil makes up approximately 1.3% of 180 Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. 180 Wealth Advisors LLC’s holdings in Exxon Mobil were worth $5,608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont lifted its position in shares of Exxon Mobil by 3.4% in the first quarter. Trust Co. of Vermont now owns 92,346 shares of the oil and gas company’s stock worth $10,127,000 after buying an additional 3,069 shares during the last quarter. BTC Capital Management Inc. lifted its position in shares of Exxon Mobil by 38.6% in the first quarter. BTC Capital Management Inc. now owns 50,848 shares of the oil and gas company’s stock worth $5,488,000 after buying an additional 14,153 shares during the last quarter. Aurora Private Wealth Inc. lifted its position in shares of Exxon Mobil by 1.1% in the first quarter. Aurora Private Wealth Inc. now owns 13,955 shares of the oil and gas company’s stock worth $1,530,000 after buying an additional 148 shares during the last quarter. Patten Group Inc. lifted its position in shares of Exxon Mobil by 2.8% in the first quarter. Patten Group Inc. now owns 31,491 shares of the oil and gas company’s stock worth $3,453,000 after buying an additional 858 shares during the last quarter. Finally, Patton Fund Management Inc. lifted its position in shares of Exxon Mobil by 19.7% in the first quarter. Patton Fund Management Inc. now owns 30,186 shares of the oil and gas company’s stock worth $3,310,000 after buying an additional 4,959 shares during the last quarter. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Insider Buying and Selling

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 sale, the vice president now directly owns 29,272 shares in the company, valued at approximately $3,398,771.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Trading Down 2.2 %

XOM stock opened at $102.77 on Wednesday. The firm has a market cap 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 1-year low of $80.69 and a 1-year high of $119.92. The business’s 50 day moving average is $108.88 and its 200-day moving average is $109.71. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. The business had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. Exxon Mobil’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.07 EPS. Equities analysts anticipate that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors 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 3.54%. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.

Analysts Set New Price Targets

A number of brokerages have weighed in on XOM. Morgan Stanley boosted their price target on Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. Mizuho cut their price objective on Exxon Mobil from $147.00 to $130.00 in a research report on Friday, May 19th. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. Truist Financial boosted their price objective on Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. Finally, HSBC boosted their price objective on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. One investment 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. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $124.70.

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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