Adviser Investments LLC Increases Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by on Jul 16th, 2023

Adviser Investments LLC boosted its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,150 shares of the oil and gas company’s stock after acquiring an additional 1,512 shares during the quarter. Adviser Investments LLC’s holdings in Exxon Mobil were worth $2,319,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC acquired a new stake in Exxon Mobil in the first quarter valued at approximately $25,000. Dark Forest Capital Management LP acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $27,000. Corrado Advisors LLC acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $28,000. My Personal CFO LLC grew its holdings in Exxon Mobil by 15,000.0% in the fourth quarter. My Personal CFO LLC now owns 302 shares of the oil and gas company’s stock valued at $262,000 after purchasing an additional 300 shares during the period. Finally, Koesten Hirschmann & Crabtree INC. acquired a new stake in Exxon Mobil in the fourth quarter valued at approximately $36,000. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

NYSE:XOM opened at $100.94 on Friday. Exxon Mobil Co. has a 52 week low of $82.90 and a 52 week high of $119.92. The company has a quick ratio of 1.10, a current ratio of 1.46 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $408.10 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.56 and a beta of 1.08. The stock’s fifty day moving average is $105.46 and its two-hundred day moving average is $109.52.

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. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The company had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter in the previous year, the business earned $2.07 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. Equities analysts expect that Exxon Mobil Co. will post 9.59 EPS for the current year.

Exxon Mobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.61%. Exxon Mobil’s dividend payout ratio is presently 24.64%.

Analyst Ratings Changes

Several analysts have commented on XOM shares. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. Truist Financial lifted their price target on Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. StockNews.com began coverage on Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Scotiabank lowered Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $140.00 to $135.00 in a research note on Thursday, April 13th. Finally, Mizuho lowered their price target on Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $124.70.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the sale, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company’s stock.

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.

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

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