SeaTown Holdings Pte. Ltd. Sells 33,096 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by on Jul 14th, 2023

SeaTown Holdings Pte. Ltd. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 30.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 76,904 shares of the oil and gas company’s stock after selling 33,096 shares during the period. Exxon Mobil makes up about 1.1% of SeaTown Holdings Pte. Ltd.’s investment portfolio, making the stock its 25th biggest position. SeaTown Holdings Pte. Ltd.’s holdings in Exxon Mobil were worth $8,433,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Murphy Middleton Hinkle & Parker Inc. grew its holdings in Exxon Mobil by 0.8% during the first 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 period. Bank of The West grew its holdings in Exxon Mobil by 0.8% during the fourth 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 period. Motive Wealth Advisors grew its holdings in Exxon Mobil by 2.1% during the fourth 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 period. Smart Money Group LLC grew its holdings in Exxon Mobil by 3.8% during the fourth 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 period. Finally, Acorn Wealth Advisors LLC grew its holdings in Exxon Mobil by 3.8% during the fourth 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 period. 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 company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the transaction, 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 available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on XOM shares. Scotiabank cut shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $140.00 to $135.00 in a report on Thursday, April 13th. Piper Sandler reduced their price target on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Truist Financial upped their price target on shares of Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. The Goldman Sachs Group cut shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target for the company. in a report on Monday, May 1st. Finally, Wolfe Research lowered shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 7th. They noted that the move was a valuation call. One equities 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.70.

Exxon Mobil Stock Performance

NYSE XOM opened at $104.54 on Friday. 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 firm’s fifty day moving average price is $105.61 and its two-hundred day moving average price is $109.58. Exxon Mobil Co. has a 1 year low of $80.69 and a 1 year high of $119.92. The firm has a market capitalization of $422.65 billion, a P/E ratio of 7.08, a price-to-earnings-growth 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 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 firm had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same period in the prior year, the firm posted $2.07 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Exxon Mobil Co. will post 9.59 EPS for the current 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 $0.91 dividend. The ex-dividend date was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.48%. Exxon Mobil’s dividend payout ratio is currently 24.64%.

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.

Read More

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.