Clarus Wealth Advisors Sells 151 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jun 22nd, 2023

Clarus Wealth Advisors lowered its position in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,276 shares of the oil and gas company’s stock after selling 151 shares during the quarter. Clarus Wealth Advisors’ holdings in Exxon Mobil were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cookson Peirce & Co. Inc. grew its holdings in 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 valued at $1,140,000 after purchasing an additional 1,469 shares during the period. St. Louis Trust Co increased its stake in shares of Exxon Mobil by 11.0% in 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 in the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of 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 raised its stake in shares of Exxon Mobil by 3.0% during the 4th quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock valued at $3,558,000 after purchasing an additional 925 shares during the period. Finally, TTP Investments Inc. raised its stake in shares of Exxon Mobil by 0.9% during the 4th quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company’s stock valued at $2,299,000 after purchasing an additional 181 shares during the period. 58.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOM has been the topic of a number of analyst reports. Truist Financial boosted their price objective on Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Morgan Stanley increased their target price on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. Mizuho lowered their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Piper Sandler lowered their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Finally, Royal Bank of Canada cut shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 target price on the stock. in a research note on Thursday, June 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.70.

Insider Activity

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

Exxon Mobil Trading Up 1.1 %

NYSE:XOM opened at $103.87 on Thursday. The company has a fifty day moving average of $108.66 and a 200 day moving average of $109.67. Exxon Mobil Co. has a 52 week low of $80.69 and a 52 week high of $119.92. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $419.95 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.61 and a beta of 1.09.

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 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 business had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. During the same quarter last year, the business posted $2.07 EPS. The business’s revenue was down 4.3% on a year-over-year basis. On average, research analysts predict that Exxon Mobil Co. will post 9.59 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.50%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 24.64%.

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.