CVA Family Office LLC Grows Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 18th, 2023

CVA Family Office LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 6.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 14,005 shares of the oil and gas company’s stock after purchasing an additional 865 shares during the period. CVA Family Office LLC’s holdings in Exxon Mobil were worth $1,536,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of XOM. Stone House Investment Management LLC purchased a new stake in Exxon Mobil during the first quarter worth approximately $25,000. Dark Forest Capital Management LP purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $27,000. Corrado Advisors LLC purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $28,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Exxon Mobil in the fourth quarter valued at $36,000. Finally, Financial Connections Group Inc. boosted its stake in shares of Exxon Mobil by 1,207.1% in the fourth quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 338 shares during the period. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Truist Financial upped their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. StockNews.com assumed coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Piper Sandler decreased their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Scotiabank cut shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $140.00 to $135.00 in a report on Thursday, April 13th. Finally, Wolfe Research cut shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $124.70.

Exxon Mobil Stock Up 0.4 %

XOM stock opened at $101.38 on Tuesday. 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 fifty-two week low of $83.89 and a fifty-two week high of $119.92. The firm’s 50-day simple moving average is $105.31 and its 200 day simple moving average is $109.47. The stock has a market cap of $409.88 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data on Friday, April 28th. The oil and gas company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $90.07 billion. During the same quarter last year, the company earned $2.07 EPS. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, sell-side analysts predict that Exxon Mobil Co. will post 9.45 EPS for the current year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Tuesday, May 16th were given a $0.91 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.59%. Exxon Mobil’s dividend payout ratio is presently 24.64%.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the transaction, the vice president now owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.04% of the stock is currently owned by insiders.

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.