Chicago Partners Investment Group LLC Acquires 1,040 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 18th, 2023

Chicago Partners Investment Group LLC grew its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 50,822 shares of the oil and gas company’s stock after buying an additional 1,040 shares during the period. Chicago Partners Investment Group LLC’s holdings in Exxon Mobil were worth $6,007,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of XOM. Cookson Peirce & Co. Inc. grew its stake in Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 1,469 shares in the last quarter. St. Louis Trust Co lifted its holdings in Exxon Mobil by 11.0% during the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock worth $3,919,000 after buying an additional 3,507 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in Exxon Mobil by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after buying an additional 5,770 shares during the period. TIAA FSB lifted its holdings in Exxon Mobil by 8.2% during the first quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock worth $55,837,000 after buying an additional 38,760 shares during the period. Finally, Northstar Asset Management LLC lifted its holdings in Exxon Mobil by 3.0% during the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company’s stock worth $3,558,000 after buying an additional 925 shares during the period. Institutional investors own 58.59% of the company’s stock.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the transaction, the vice president now directly owns 29,272 shares in the company, valued at approximately $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on XOM. StockNews.com began coverage on Exxon Mobil in a report on Thursday, May 18th. They set a “hold” rating for the company. HSBC raised their price objective on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a research report on Thursday, April 20th. The Goldman Sachs Group cut Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective for the company. in a research report on Monday, May 1st. Piper Sandler lowered their price objective on Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Finally, Royal Bank of Canada cut Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective for the company. in a research report on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $124.70.

Exxon Mobil Trading Up 0.4 %

XOM stock opened at $101.38 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92. The stock has a market cap of $409.88 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 0.55 and a beta of 1.08. The business’s 50-day moving average is $105.31 and its 200 day moving average is $109.47.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data 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 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 analysts’ expectations of $90.07 billion. During the same period in the previous year, the firm posted $2.07 EPS. Exxon Mobil’s revenue was down 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Exxon Mobil Co. will post 9.45 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

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

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

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