Beacon Capital Management LLC Increases Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 7th, 2023

Beacon Capital Management LLC raised its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,252 shares of the oil and gas company’s stock after buying an additional 239 shares during the quarter. Beacon Capital Management LLC’s holdings in Exxon Mobil were worth $466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in 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 buying an additional 1,469 shares during the period. St. Louis Trust Co lifted its position in Exxon Mobil by 11.0% during the fourth 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 during the period. Kestra Private Wealth Services LLC raised its position in shares of 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 purchasing an additional 5,770 shares during the last quarter. TIAA FSB raised its position in shares of Exxon Mobil by 8.2% in the 1st quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock worth $55,837,000 after purchasing an additional 38,760 shares during the last quarter. Finally, Northstar Asset Management LLC raised its position in shares of Exxon Mobil by 3.0% in the 4th quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after purchasing an additional 925 shares during the last quarter. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Exxon Mobil Trading Down 3.7 %

Exxon Mobil stock opened at $102.94 on Friday. The business has a 50-day simple moving average of $106.26 and a two-hundred day simple moving average of $109.64. The company has a market cap of $416.19 billion, a P/E ratio of 6.97, a P/E/G ratio of 0.64 and a beta of 1.08. 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.

Exxon Mobil (NYSE:XOM – Free Report) last announced its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. The company had revenue of $86.56 billion during the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 EPS. Analysts predict that Exxon Mobil Co. will post 9.46 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.54%. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on XOM shares. Jefferies Financial Group lowered their price target on Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Morgan Stanley lifted their price target on Exxon Mobil from $118.00 to $122.00 in a research report on Tuesday, May 2nd. Scotiabank lowered Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. Truist Financial lifted their price target on Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. Finally, Piper Sandler reduced their price objective on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.70.

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.