HB Wealth Management LLC Acquires 1,406 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jun 27th, 2023

HB Wealth Management LLC raised its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 1.2% during the 1st quarter, HoldingsChannel reports. The fund owned 114,715 shares of the oil and gas company’s stock after acquiring an additional 1,406 shares during the quarter. HB Wealth Management LLC’s holdings in Exxon Mobil were worth $12,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction dated Monday, May 1st. The stock was 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 owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is owned by company insiders.

Exxon Mobil Stock Up 1.8 %

Shares of XOM stock opened at $104.29 on Tuesday. Exxon Mobil Co. has a 1-year low of $80.69 and a 1-year high of $119.92. The stock’s fifty day moving average price is $107.93 and its 200 day moving average price is $109.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. The company has a market cap of $421.64 billion, a price-to-earnings ratio of 7.06, a price-to-earnings-growth ratio of 0.60 and a beta of 1.09.

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 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 firm 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. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts expect that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a yield of 3.49%. Exxon Mobil’s dividend payout ratio (DPR) is 24.64%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research reports. Piper Sandler dropped their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Mizuho reduced their price objective on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the company from $125.00 to $144.00 in a research report on Tuesday, April 18th. Truist Financial lifted their price objective on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Finally, Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $125.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, March 3rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.70.

Exxon Mobil Profile

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Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.