Exxon Mobil Co. (NYSE:XOM) Shares Sold by Luts & Greenleigh Group Inc.

Posted by on Jun 27th, 2023

Luts & Greenleigh Group Inc. lowered its holdings in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 5.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 254,097 shares of the oil and gas company’s stock after selling 14,254 shares during the quarter. Exxon Mobil accounts for about 35.3% of Luts & Greenleigh Group Inc.’s holdings, making the stock its biggest position. Luts & Greenleigh Group Inc.’s holdings in Exxon Mobil were worth $27,864,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XOM. Dark Forest Capital Management LP acquired a new stake in Exxon Mobil in the fourth quarter valued at $27,000. Corrado Advisors LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $28,000. Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Exxon Mobil during the 4th quarter worth $36,000. Align Wealth Management LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth $38,000. Finally, Financial Connections Group Inc. raised its stake in shares of 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 buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.

Exxon Mobil Stock Up 1.8 %

XOM opened at $104.29 on Tuesday. 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 stock has a market capitalization 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. The business has a 50-day moving average of $107.93 and a two-hundred day moving average of $109.67. Exxon Mobil Co. has a 12 month low of $80.69 and a 12 month high of $119.92.

Exxon Mobil (NYSE:XOM – Get Rating) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $90.07 billion. During the same quarter in the previous year, the business earned $2.07 EPS. The firm’s revenue 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 year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is currently 24.64%.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s 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 in the company, valued at approximately $3,398,771.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Mizuho cut their price target on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. 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 research note on Monday, May 1st. HSBC lifted their price target on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research note on Thursday, April 20th. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. Finally, StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $124.70.

Exxon Mobil Company 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.

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

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