Wealth Enhancement Advisory Services LLC Buys 32,923 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Jul 14th, 2023

Wealth Enhancement Advisory Services LLC boosted its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 29.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,792 shares of the oil and gas company’s stock after purchasing an additional 32,923 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Exxon Mobil were worth $15,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. NorthCrest Asset Manangement LLC boosted its stake in Exxon Mobil by 24.3% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 113,830 shares of the oil and gas company’s stock worth $12,483,000 after purchasing an additional 22,289 shares during the period. Delta Financial Group Inc. boosted its stake in Exxon Mobil by 10.6% in the 1st quarter. Delta Financial Group Inc. now owns 52,165 shares of the oil and gas company’s stock worth $5,720,000 after purchasing an additional 4,985 shares during the period. Montecito Bank & Trust boosted its stake in Exxon Mobil by 3.0% in the 1st quarter. Montecito Bank & Trust now owns 31,270 shares of the oil and gas company’s stock worth $3,429,000 after purchasing an additional 914 shares during the period. Advisor OS LLC raised its holdings in shares of Exxon Mobil by 3.2% during the 1st quarter. Advisor OS LLC now owns 11,884 shares of the oil and gas company’s stock worth $1,303,000 after acquiring an additional 370 shares in the last quarter. Finally, Everett Harris & Co. CA raised its holdings in shares of Exxon Mobil by 4.0% during the 1st quarter. Everett Harris & Co. CA now owns 144,142 shares of the oil and gas company’s stock worth $15,807,000 after acquiring an additional 5,490 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors.

Insider Transactions at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the sale, the vice president now owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

XOM has been the topic of several recent research reports. The Goldman Sachs Group cut Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Monday, May 1st. Morgan Stanley upped their price objective on Exxon Mobil from $118.00 to $122.00 in a report on Tuesday, May 2nd. Truist Financial upped their price objective on Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. Mizuho decreased their price objective on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Finally, UBS Group upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price target for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Exxon Mobil has an average rating of “Hold” and an average target price of $124.70.

Exxon Mobil Price Performance

XOM opened at $104.54 on Friday. Exxon Mobil Co. has a 12-month low of $80.69 and a 12-month 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 business’s fifty day simple moving average is $105.61 and its 200-day simple moving average is $109.58. The company has a market capitalization of $422.65 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the prior year, the company earned $2.07 EPS. The business’s revenue was down 4.3% compared to the same quarter last year. On average, equities research analysts anticipate that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Stockholders 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 dividend yield of 3.48%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s payout ratio is 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.

Featured Articles

Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

Receive News & Ratings for Exxon Mobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exxon Mobil and related companies with MarketBeat.com's FREE daily email newsletter.