Navalign LLC Has $360,000 Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 6th, 2023

Navalign LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 42.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,281 shares of the oil and gas company’s stock after buying an additional 983 shares during the period. Navalign LLC’s holdings in Exxon Mobil were worth $360,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its stake in Exxon Mobil by 140,855.3% in the fourth 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 purchasing an additional 123,254,064 shares in the last quarter. Morgan Stanley increased its stake in Exxon Mobil by 11.9% in 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 purchasing an additional 5,566,797 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil in the fourth quarter valued at approximately $5,226,390,000. Price T Rowe Associates Inc. MD increased its stake in Exxon Mobil by 3.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock valued at $4,523,610,000 after purchasing an additional 1,344,934 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock valued at $2,575,190,000 after purchasing an additional 560,517 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM stock opened at $106.91 on Thursday. The stock has a market cap of $432.24 billion, a P/E ratio of 7.24, a P/E/G ratio of 0.64 and a beta of 1.08. 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 fifty day moving average price of $106.53 and a two-hundred day moving average price of $109.69. Exxon Mobil Co. has a one year low of $80.69 and a one year high of $119.92.

Exxon Mobil (NYSE:XOM – Free Report) last announced its quarterly earnings results 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. The firm had revenue of $86.56 billion during the quarter, compared to analysts’ expectations of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.07 earnings per share. As a group, equities analysts predict that Exxon Mobil Co. will post 9.46 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 24.64%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating for the company. HSBC upped their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the company 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 lowered their price objective for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $144.00 in a research report on Tuesday, April 18th. Finally, Mizuho lowered their price objective on shares of Exxon Mobil from $147.00 to $130.00 in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil presently has an average rating of “Moderate Buy” and an average target price of $124.70.

Insider Buying and Selling at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.04% of the company’s stock.

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.