Exxon Mobil Co. (NYSE:XOM) Shares Bought by Howard Capital Management Group LLC

Posted by Defense World Staff on Jul 8th, 2023

Howard Capital Management Group LLC lifted its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 53.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,011 shares of the oil and gas company’s stock after acquiring an additional 5,943 shares during the period. Howard Capital Management Group LLC’s holdings in Exxon Mobil were worth $1,865,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in XOM. Murphy Middleton Hinkle & Parker Inc. lifted its position in Exxon Mobil by 0.8% in the 1st quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,282 shares of the oil and gas company’s stock valued at $1,237,000 after purchasing an additional 87 shares during the last quarter. Bank of The West lifted its position in Exxon Mobil by 0.8% in the 4th quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock valued at $1,183,000 after purchasing an additional 89 shares during the last quarter. Motive Wealth Advisors lifted its position in Exxon Mobil by 2.1% in the 4th quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 90 shares during the last quarter. Smart Money Group LLC lifted its position in Exxon Mobil by 3.8% in the 4th quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 91 shares during the last quarter. Finally, Acorn Wealth Advisors LLC lifted its position in Exxon Mobil by 3.8% in the 4th quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock valued at $274,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 58.59% of the company’s stock.

Exxon Mobil Stock Performance

Exxon Mobil stock opened at $103.23 on Friday. The firm’s 50 day simple moving average is $105.95 and its 200-day simple moving average is $109.63. The company has a market cap of $417.36 billion, a P/E ratio of 6.99, a price-to-earnings-growth ratio of 0.63 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. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two week high of $119.92.

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, topping the consensus estimate of $2.65 by $0.18. The business 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 quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. As a group, equities research analysts predict that Exxon Mobil Co. will post 9.46 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Tuesday, May 16th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 24.64%.

Analysts Set New Price Targets

Several analysts recently weighed in on XOM shares. Piper Sandler cut their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. The Goldman Sachs Group cut shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price on the stock. in a research note on Monday, May 1st. Mizuho lowered their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Morgan Stanley raised their target price on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. Finally, Jefferies Financial Group lowered their target price on shares of Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $124.70.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction that occurred on 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 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 is accessible through the SEC website. 0.06% of the stock is currently owned by corporate 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.