Nova R Wealth Inc. Purchases 919 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 1st, 2023

Nova R Wealth Inc. boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 26.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,404 shares of the oil and gas company’s stock after acquiring an additional 919 shares during the period. Nova R Wealth Inc.’s holdings in Exxon Mobil were worth $483,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of XOM. Moneta Group Investment Advisors LLC increased its position in 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 buying an additional 123,254,064 shares in the last quarter. Norges Bank bought a new position in Exxon Mobil in the 4th quarter valued at approximately $5,226,390,000. Price T Rowe Associates Inc. MD lifted its position in Exxon Mobil by 94.1% in the 3rd 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 lifted its position in Exxon Mobil by 11.9% in 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 acquiring an additional 5,566,797 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position 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 valued at $287,545,000 after acquiring an additional 1,906,940 shares in the last quarter. 58.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s 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 owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent analyst reports. HSBC boosted their target price on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. Morgan Stanley boosted their target price on Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. Scotiabank downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. Truist Financial lifted their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. Finally, UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.70.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $107.27 on Friday. The firm has a market cap of $433.69 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 0.62 and a beta of 1.09. The firm has a fifty day moving average price of $107.10 and a 200 day moving average price of $109.64. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two 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 – Free Report) last released its quarterly earnings data 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 net margin of 15.06% and a return on equity of 31.48%. The business had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The business’s revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.39%. Exxon Mobil’s dividend payout ratio is currently 24.64%.

About Exxon Mobil

(Free Report)

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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