Massmutual Trust Co. FSB ADV Has $7.09 Million Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jun 23rd, 2023

Massmutual Trust Co. FSB ADV decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 25.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,607 shares of the oil and gas company’s stock after selling 21,633 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Exxon Mobil were worth $7,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. grew its stake in Exxon Mobil by 0.8% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock valued at $1,237,000 after buying an additional 87 shares during the last quarter. Bank of The West grew its stake in Exxon Mobil by 0.8% in the 4th quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after buying an additional 89 shares during the last quarter. Motive Wealth Advisors grew its stake in Exxon Mobil by 2.1% in the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after buying an additional 90 shares during the last quarter. Smart Money Group LLC grew its stake in Exxon Mobil by 3.8% in the 4th quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after buying an additional 91 shares during the last quarter. Finally, Acorn Wealth Advisors LLC grew its stake in Exxon Mobil by 3.8% in the 4th quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock valued at $274,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XOM. HSBC increased their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. Jefferies Financial Group decreased their target price on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Scotiabank lowered shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. Morgan Stanley increased their target price on shares of Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. Finally, Wells Fargo & Company increased their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, March 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.70.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Monday, May 1st. The shares were 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 directly owns 29,272 shares in the company, valued at $3,398,771.92. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.04% of the stock is currently owned by corporate insiders.

Exxon Mobil Price Performance

XOM stock opened at $103.31 on Friday. The company has a fifty day moving average price of $108.41 and a 200-day moving average price of $109.62. The company has a market capitalization of $417.68 billion, a P/E ratio of 6.99, a PEG ratio of 0.61 and a beta of 1.09. 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, beating the consensus estimate of $2.65 by $0.18. The firm had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.07 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 9.59 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 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.