Lesa Sroufe & Co Has $396,000 Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 6th, 2023

Lesa Sroufe & Co raised its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 7.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,613 shares of the oil and gas company’s stock after purchasing an additional 247 shares during the quarter. Lesa Sroufe & Co’s holdings in Exxon Mobil were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its holdings 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 purchasing an additional 123,254,064 shares during the last quarter. Norges Bank acquired a new stake in shares of Exxon Mobil during the fourth quarter worth approximately $5,226,390,000. Morgan Stanley raised its stake in shares of 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 acquiring an additional 5,566,797 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of 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 worth $287,545,000 after acquiring an additional 1,906,940 shares in the last quarter. Finally, CI Private Wealth LLC bought a new stake in Exxon Mobil during the 4th quarter worth approximately $209,464,000. 58.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on XOM. Royal Bank of Canada cut Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 target price on the stock. in a report on Thursday, June 1st. Morgan Stanley increased their price objective on shares of Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. HSBC boosted their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research note on Thursday, April 20th. Jefferies Financial Group lowered their price target on shares of Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Finally, StockNews.com began coverage on Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Exxon Mobil has a consensus rating of “Moderate Buy” and a consensus target price of $124.70.

Exxon Mobil Trading Down 0.5 %

Shares of Exxon Mobil stock opened at $106.91 on Thursday. Exxon Mobil Co. has a 52-week low of $80.69 and a 52-week high of $119.92. The stock has a market cap of $432.24 billion, a PE ratio of 7.24, a PEG ratio of 0.64 and a beta of 1.08. The firm has a 50-day moving average of $106.53 and a 200-day moving average of $109.69. 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 announced its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. The firm had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.07 EPS. As a group, sell-side analysts forecast that Exxon Mobil Co. will post 9.46 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. 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 3.40%. Exxon Mobil’s payout ratio is 24.64%.

Insider Transactions at Exxon Mobil

In related 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 value of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.04% of the stock is currently owned by insiders.

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.