PFG Advisors Purchases 868 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 9th, 2023

PFG Advisors raised its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,821 shares of the oil and gas company’s stock after acquiring an additional 868 shares during the quarter. PFG Advisors’ holdings in Exxon Mobil were worth $4,696,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of XOM. Cookson Peirce & Co. Inc. boosted its position in shares of Exxon Mobil by 16.6% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 1,469 shares in the last quarter. St. Louis Trust Co lifted its position in Exxon Mobil by 11.0% in 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 acquiring an additional 3,507 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position 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 valued at $12,963,000 after acquiring an additional 5,770 shares in the last quarter. TIAA FSB lifted its position in Exxon Mobil by 8.2% in the 1st quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock valued at $55,837,000 after acquiring an additional 38,760 shares in the last quarter. Finally, Northstar Asset Management LLC lifted its position in 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 valued at $3,558,000 after acquiring an additional 925 shares in the last quarter. 58.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. 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. Truist Financial boosted their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. The Goldman Sachs Group lowered shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 target price for the company. in a research note on Monday, May 1st. Mizuho decreased their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. Finally, Piper Sandler decreased their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $124.70.

Exxon Mobil Trading Up 0.2 %

Shares of Exxon Mobil stock opened at $103.16 on Friday. The company has a market capitalization of $417.07 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. The company has a fifty day moving average of $105.95 and a 200 day moving average of $109.65. 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 issued 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 company had revenue of $86.56 billion during 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%. Exxon Mobil’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.07 EPS. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.53 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.

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.