Exxon Mobil Co. (NYSE:XOM) Shares Sold by Threadgill Financial LLC

Posted by Defense World Staff on Jun 26th, 2023

Threadgill Financial LLC decreased its position in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 0.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,054 shares of the oil and gas company’s stock after selling 119 shares during the period. Exxon Mobil accounts for 11.7% of Threadgill Financial LLC’s investment portfolio, making the stock its biggest holding. Threadgill Financial LLC’s holdings in Exxon Mobil were worth $9,546,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC raised its position in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Norges Bank purchased a new position in Exxon Mobil during the 4th quarter valued at about $5,226,390,000. Price T Rowe Associates Inc. MD boosted its holdings in Exxon Mobil by 94.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,666,941 shares of the oil and gas company’s stock worth $3,463,672,000 after acquiring an additional 19,230,872 shares in the last quarter. Morgan Stanley increased its position in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after acquiring an additional 5,566,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Exxon Mobil by 272.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,606,938 shares of the oil and gas company’s stock valued at $287,545,000 after purchasing an additional 1,906,940 shares during the last quarter. Institutional investors own 58.59% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, March 3rd. Truist Financial lifted their price target on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Jefferies Financial Group cut their price target on Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Morgan Stanley increased their price objective on shares of Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. Finally, HSBC boosted their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. 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 company’s stock. Based on data from MarketBeat, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $124.70.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $102.40 on Monday. The business’s fifty day simple moving average is $108.13 and its 200-day simple moving average is $109.67. 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 firm has a market cap of $414.00 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.60 and a beta of 1.09.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its earnings results 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. The firm had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. Exxon Mobil’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.07 EPS. Equities analysts forecast that Exxon Mobil Co. will post 9.59 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were issued 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 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.