Exxon Mobil Co. (NYSE:XOM) Shares Sold by Columbus Macro LLC

Posted by Defense World Staff on Jul 21st, 2023

Columbus Macro LLC trimmed its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,716 shares of the oil and gas company’s stock after selling 654 shares during the period. Columbus Macro LLC’s holdings in Exxon Mobil were worth $2,287,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. lifted 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 last quarter. Bank of The West lifted its holdings in shares of Exxon Mobil by 0.8% in the fourth quarter. Bank of The West now owns 10,726 shares of the oil and gas company’s stock worth $1,183,000 after buying an additional 89 shares in the last quarter. Motive Wealth Advisors lifted its holdings in shares of Exxon Mobil by 2.1% in the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock worth $472,000 after buying an additional 90 shares in the last quarter. Smart Money Group LLC lifted its holdings in shares of Exxon Mobil by 3.8% in the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock worth $272,000 after buying an additional 91 shares in the last quarter. Finally, Acorn Wealth Advisors LLC lifted its holdings in shares of Exxon Mobil by 3.8% in the fourth quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock worth $274,000 after buying an additional 91 shares in the last quarter. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wolfe Research downgraded shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. StockNews.com began coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They set a “hold” rating on the stock. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $125.00 to $144.00 in a research note on Tuesday, April 18th. The Goldman Sachs Group downgraded shares of Exxon Mobil from a “buy” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, May 1st. Finally, Piper Sandler decreased their price target on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. 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.com, Exxon Mobil has an average rating of “Hold” and a consensus price target of $124.66.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Up 1.8 %

Shares of Exxon Mobil stock opened at $103.40 on Friday. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92. The company has a market cap of $418.05 billion, a P/E ratio of 7.00, a PEG ratio of 0.55 and a beta of 1.08. 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 company’s fifty day simple moving average is $104.97 and its two-hundred day simple moving average is $109.31.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced 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 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 analysts’ expectations of $90.07 billion. During the same quarter in the previous year, the business posted $2.07 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Research analysts anticipate that Exxon Mobil Co. will post 9.45 EPS for the current year.

Exxon Mobil Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.

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.