Collective Family Office LLC Has $301,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by on Jun 25th, 2023

Collective Family Office LLC boosted its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 17.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,747 shares of the oil and gas company’s stock after purchasing an additional 401 shares during the period. Collective Family Office LLC’s holdings in Exxon Mobil were worth $301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dark Forest Capital Management LP acquired a new stake in Exxon Mobil during the 4th quarter worth about $27,000. Corrado Advisors LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $28,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Exxon Mobil during the 4th quarter worth about $36,000. Align Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth about $38,000. 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 period. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $102.40 on Friday. Exxon Mobil Co. has a twelve month low of $80.69 and a twelve month high of $119.92. The stock’s 50 day moving average price is $108.13 and its 200-day moving average price is $109.63. The company has a market capitalization of $414.00 billion, a PE ratio of 6.93, a PEG ratio of 0.61 and a beta of 1.09. 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 announced its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the previous year, the business earned $2.07 EPS. The company’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Exxon Mobil Co. will post 9.59 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.55%. Exxon Mobil’s payout ratio is presently 24.64%.

Analyst Ratings Changes

A number of brokerages have weighed in on XOM. Wells Fargo & Company increased their price target on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. The Goldman Sachs Group downgraded Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Monday, May 1st. Mizuho cut their price objective on shares of Exxon Mobil from $147.00 to $130.00 in a research report on Friday, May 19th. HSBC increased their price objective 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. Finally, Royal Bank of Canada cut shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective on the stock. in a research report on Thursday, June 1st. One investment 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. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and an average target price of $124.70.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction that occurred 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 sale, the vice president now owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.

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.

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

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