Everett Harris & Co. CA Buys 5,490 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Jul 14th, 2023

Everett Harris & Co. CA raised its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 144,142 shares of the oil and gas company’s stock after acquiring an additional 5,490 shares during the quarter. Everett Harris & Co. CA’s holdings in Exxon Mobil were worth $15,807,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its position in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Morgan Stanley grew its stake in Exxon Mobil by 11.9% in the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after buying an additional 5,566,797 shares in the last quarter. Norges Bank bought a new stake in Exxon Mobil during the 4th quarter valued at $5,226,390,000. Price T Rowe Associates Inc. MD lifted its position in shares of Exxon Mobil by 3.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 41,011,875 shares of the oil and gas company’s stock worth $4,523,610,000 after acquiring an additional 1,344,934 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Exxon Mobil by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 31,180,397 shares of the oil and gas company’s stock worth $2,575,190,000 after acquiring an additional 560,517 shares during the period. 58.59% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil 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 directly owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XOM. UBS Group upgraded Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $125.00 to $144.00 in a research note on Tuesday, April 18th. Royal Bank of Canada downgraded shares of Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price target on the stock. in a report on Thursday, June 1st. Truist Financial boosted their price objective on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. HSBC raised their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. Finally, Scotiabank downgraded Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $140.00 to $135.00 in a research report on Thursday, April 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $124.70.

Exxon Mobil Stock Performance

NYSE XOM opened at $104.54 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. Exxon Mobil Co. has a 12-month low of $80.69 and a 12-month high of $119.92. The firm has a market cap of $422.65 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 0.56 and a beta of 1.08. The company has a 50-day simple moving average of $105.61 and a two-hundred day simple moving average of $109.58.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The business had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. During the same period last year, the business posted $2.07 earnings per share. Exxon Mobil’s quarterly revenue was down 4.3% compared to the same quarter last year. On average, equities analysts forecast that Exxon Mobil Co. will post 9.59 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 24.64%.

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.

Featured Stories

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

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