Capital Advisory Group Advisory Services LLC Purchases 242 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 6th, 2023

Capital Advisory Group Advisory Services LLC raised its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 8.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,084 shares of the oil and gas company’s stock after acquiring an additional 242 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Exxon Mobil were worth $338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cookson Peirce & Co. Inc. lifted its position in Exxon Mobil by 16.6% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock valued at $1,140,000 after purchasing an additional 1,469 shares in the last quarter. St. Louis Trust Co lifted its position in shares of Exxon Mobil by 11.0% during the 4th quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock valued at $3,919,000 after buying an additional 3,507 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Exxon Mobil by 5.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after acquiring an additional 5,770 shares in the last quarter. TIAA FSB raised its stake in Exxon Mobil by 8.2% during the 1st quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock worth $55,837,000 after acquiring an additional 38,760 shares during the period. Finally, Northstar Asset Management LLC lifted its holdings in Exxon Mobil by 3.0% during the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock valued at $3,558,000 after purchasing an additional 925 shares in the last quarter. 58.59% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Stock Down 0.5 %

NYSE XOM opened at $106.91 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. Exxon Mobil Co. has a 52 week low of $80.69 and a 52 week high of $119.92. The firm has a market capitalization of $432.24 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.64 and a beta of 1.08. The company has a fifty day moving average of $106.53 and a two-hundred day moving average of $109.69.

Exxon Mobil (NYSE:XOM – Free Report) last issued 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. The company had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 EPS. On average, analysts predict that Exxon Mobil Co. will post 9.46 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently declared 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. This represents a $3.64 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. The Goldman Sachs Group cut shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research note on Monday, May 1st. StockNews.com began coverage on Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating on the stock. Royal Bank of Canada lowered Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective for the company. in a research note on Thursday, June 1st. Mizuho decreased their target price on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Finally, HSBC upped 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. One equities 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $124.70.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on 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 directly owns 29,272 shares in the company, valued at $3,398,771.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is owned by company insiders.

Exxon Mobil 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.