Breakwater Capital Group Acquires 5,050 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 19th, 2023

Breakwater Capital Group raised its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 38.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,325 shares of the oil and gas company’s stock after purchasing an additional 5,050 shares during the quarter. Breakwater Capital Group’s holdings in Exxon Mobil were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in shares of Exxon Mobil during the 1st quarter worth $25,000. Dark Forest Capital Management LP bought a new position in shares of Exxon Mobil during the 4th quarter worth $27,000. Corrado Advisors LLC bought a new position in shares of Exxon Mobil during the 4th quarter worth $28,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of Exxon Mobil during the 4th quarter worth $36,000. Finally, Financial Connections Group Inc. grew its stake in shares of Exxon Mobil by 1,207.1% during the 4th quarter. Financial Connections Group Inc. now owns 366 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 338 shares during the period. Institutional investors own 58.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on XOM shares. The Goldman Sachs Group cut Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price objective on the stock. in a report on Monday, May 1st. Royal Bank of Canada cut Exxon Mobil from an “outperform” rating to a “sector perform” rating and set a $125.00 price objective on the stock. in a report on Thursday, June 1st. UBS Group raised Exxon Mobil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $125.00 to $144.00 in a report on Tuesday, April 18th. Jefferies Financial Group dropped their price objective on Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Finally, HSBC raised their price target on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. One equities 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’s stock. According to data from MarketBeat, Exxon Mobil has a consensus rating of “Hold” and a consensus price target of $124.66.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the firm’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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

Shares of NYSE XOM opened at $100.87 on Wednesday. The stock’s 50-day moving average is $105.14 and its 200 day moving average is $109.41. 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 1-year low of $83.89 and a 1-year high of $119.92. The stock has a market cap of $407.82 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 0.55 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 return on equity of 31.48% and a net margin of 15.06%. The business had revenue of $86.56 billion for the quarter, compared to analyst estimates of $90.07 billion. During the same period last year, the company earned $2.07 EPS. Exxon Mobil’s revenue for the quarter 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 Dividend Announcement

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