Coston McIsaac & Partners Sells 4,011 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 5th, 2023

Coston McIsaac & Partners cut its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,388 shares of the oil and gas company’s stock after selling 4,011 shares during the period. Coston McIsaac & Partners’ holdings in Exxon Mobil were worth $3,332,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Dark Forest Capital Management LP acquired a new stake in Exxon Mobil during the fourth quarter worth about $27,000. Corrado Advisors LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $28,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in Exxon Mobil during the fourth quarter worth about $36,000. Align Wealth Management LLC acquired a new stake in Exxon Mobil during the fourth quarter worth about $38,000. Finally, Financial Connections Group Inc. boosted its holdings in Exxon Mobil by 1,207.1% during the fourth quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 338 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $107.46 on Wednesday. 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 Co. has a 52 week low of $80.69 and a 52 week high of $119.92. The firm has a fifty day moving average of $106.71 and a two-hundred day moving average of $109.71. The stock has a market capitalization of $434.46 billion, a price-to-earnings ratio of 7.28, a PEG ratio of 0.64 and a beta of 1.08.

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 analysts’ consensus estimates 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 analysts’ expectations of $90.07 billion. During the same quarter in the prior year, the company earned $2.07 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.46 EPS for the current year.

Exxon Mobil Dividend Announcement

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

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the company’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 completion of the sale, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on XOM. HSBC lifted their price objective on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. Morgan Stanley lifted their price objective on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Mizuho decreased their price objective on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. StockNews.com began coverage on Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $124.70.

Exxon Mobil Company Profile

(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.