Paragon Capital Management Ltd Sells 101 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Jun 26th, 2023

Paragon Capital Management Ltd reduced its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,978 shares of the oil and gas company’s stock after selling 101 shares during the quarter. Paragon Capital Management Ltd’s holdings in Exxon Mobil were worth $436,000 at the end of the most recent quarter.

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

Exxon Mobil Price Performance

XOM opened at $102.40 on Monday. The company has a fifty day moving average price of $108.13 and a two-hundred day moving average price of $109.67. The firm 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 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 announced its quarterly earnings data 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. 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 period in the previous year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, analysts anticipate that Exxon Mobil Co. will post 9.59 earnings per share for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors 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 of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is 24.64%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Exxon Mobil from $125.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, March 3rd. Morgan Stanley upped their price objective on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. UBS Group upgraded shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their target price for the company from $125.00 to $144.00 in a research note on Tuesday, April 18th. Piper Sandler decreased their price target on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Finally, Jefferies Financial Group cut their price objective on Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. 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, the stock has an average rating of “Moderate Buy” and an average price target of $124.70.

Insider Activity at Exxon Mobil

In other Exxon Mobil 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 value of $290,275.00. Following 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

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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