Well Done LLC Sells 1,976 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 8th, 2023

Well Done LLC reduced its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 13.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,452 shares of the oil and gas company’s stock after selling 1,976 shares during the quarter. Well Done LLC’s holdings in Exxon Mobil were worth $1,366,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Cookson Peirce & Co. Inc. raised its stake in shares of Exxon Mobil by 16.6% in 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 raised its stake in shares of Exxon Mobil by 11.0% in 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 stake in shares of Exxon Mobil by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock valued at $12,963,000 after buying an additional 5,770 shares during the period. TIAA FSB raised its stake in shares of Exxon Mobil by 8.2% in the first quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock valued at $55,837,000 after buying an additional 38,760 shares during the period. Finally, Northstar Asset Management LLC raised its stake in shares of Exxon Mobil by 3.0% in 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 buying an additional 925 shares during the period. 58.59% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of several research reports. HSBC boosted their target price on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday, April 20th. The Goldman Sachs Group cut Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a research report on Monday, May 1st. StockNews.com started coverage on Exxon Mobil in a research report on Thursday, May 18th. They set a “hold” rating for the company. Royal Bank of Canada cut Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 target price for the company. in a research report on Thursday, June 1st. Finally, Wolfe Research cut Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Exxon Mobil has a consensus rating of “Hold” and an average price target of $124.70.

Exxon Mobil Trading Up 0.3 %

NYSE XOM opened at $103.23 on Friday. Exxon Mobil Co. has a 1-year low of $80.69 and a 1-year high of $119.92. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $105.95 and a 200-day moving average of $109.63. The firm has a market cap of $417.36 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 0.63 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Free Report) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.18. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. During the same quarter in the previous year, the company posted $2.07 EPS. Exxon Mobil’s revenue for the quarter was down 4.3% on a year-over-year basis. 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 firm also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s payout ratio is 24.64%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the company’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 owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

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.