D Orazio & Associates Inc. Buys 212 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 11th, 2023

D Orazio & Associates Inc. increased its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,338 shares of the oil and gas company’s stock after acquiring an additional 212 shares during the quarter. D Orazio & Associates Inc.’s holdings in Exxon Mobil were worth $1,024,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Axiom Financial Strategies LLC boosted its position in shares of Exxon Mobil by 17.4% during the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after acquiring an additional 1,173 shares during the last quarter. Retirement Income Solutions Inc bought a new position in Exxon Mobil during the first quarter valued at $275,000. Loomis Sayles & Co. L P lifted its position in Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares during the last quarter. Ergoteles LLC lifted its position in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares during the last quarter. Finally, Bridgefront Capital LLC bought a new position in Exxon Mobil during the first quarter valued at $237,000. Institutional investors own 58.59% of the company’s stock.

Insider Activity

In other Exxon Mobil 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 transaction, the vice president now directly 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 is accessible through this link. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Trading Up 1.5 %

NYSE XOM opened at $104.75 on Tuesday. 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 market capitalization of $423.50 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08. The company’s 50-day simple moving average is $105.76 and its two-hundred day simple moving average is $109.65. Exxon Mobil Co. has a one year low of $80.69 and a one year high of $119.92.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, beating analysts’ consensus estimates 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 company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 EPS. Equities analysts forecast that Exxon Mobil Co. will post 9.58 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently announced 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 3.47%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is 24.64%.

Wall Street Analysts Forecast Growth

Several research firms have commented on XOM. Jefferies Financial Group lowered their price objective on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Wolfe Research lowered shares of 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. HSBC increased their price objective on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research report on Thursday, April 20th. The Goldman Sachs Group downgraded 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. Finally, Piper Sandler reduced 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. According to data from MarketBeat, Exxon Mobil has an average rating of “Hold” and an average target price of $124.70.

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.