Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lessened by Abner Herrman & Brock LLC

Posted by on Jun 26th, 2023

Abner Herrman & Brock LLC reduced its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,872 shares of the oil and gas company’s stock after selling 1,404 shares during the quarter. Exxon Mobil comprises approximately 3.9% of Abner Herrman & Brock LLC’s portfolio, making the stock its biggest holding. Abner Herrman & Brock LLC’s holdings in Exxon Mobil were worth $25,537,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Axiom Financial Strategies LLC lifted its position in Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after buying an additional 1,173 shares during the period. Retirement Income Solutions Inc purchased a new position in Exxon Mobil during the first quarter worth approximately $275,000. Loomis Sayles & Co. L P raised its stake in Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC raised its stake in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock worth $1,308,000 after purchasing an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new position in Exxon Mobil during the first quarter worth approximately $237,000. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $102.40 on Monday. 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 Co. has a 52-week low of $80.69 and a 52-week high of $119.92. The stock’s 50 day moving average is $108.13 and its two-hundred day moving average is $109.67. The company has a market capitalization of $414.00 billion, a PE ratio of 6.93, a P/E/G ratio of 0.60 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $90.07 billion. During the same period in the previous year, the business earned $2.07 EPS. Exxon Mobil’s revenue for the quarter was down 4.3% compared to the same quarter last year. Analysts predict that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.55%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s payout ratio is currently 24.64%.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now directly owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on XOM shares. Truist Financial increased their price target on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Piper Sandler cut their price objective on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Morgan Stanley raised their price objective on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Wells Fargo & Company raised their price objective on Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Finally, HSBC raised their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday, April 20th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.70.

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.

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

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