Exxon Mobil Co. (NYSE:XOM) Shares Acquired by Janney Capital Management LLC

Posted by Defense World Staff on Jul 22nd, 2023

Janney Capital Management LLC increased its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 8.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,971 shares of the oil and gas company’s stock after purchasing an additional 4,039 shares during the period. Janney Capital Management LLC’s holdings in Exxon Mobil were worth $5,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XOM. Stone House Investment Management LLC acquired a new position in Exxon Mobil in the first quarter valued at $25,000. Dark Forest Capital Management LP acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $27,000. Corrado Advisors LLC acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $28,000. Koesten Hirschmann & Crabtree INC. acquired a new stake in shares of Exxon Mobil in the fourth quarter valued at approximately $36,000. Finally, Artemis Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 58.59% of the company’s stock.

Exxon Mobil Price Performance

XOM stock opened at $103.89 on Friday. The firm has a 50 day moving average of $104.93 and a 200-day moving average of $109.26. Exxon Mobil Co. has a 12-month low of $83.89 and a 12-month high of $119.92. 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 has a market cap of $420.03 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.55 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (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 during the quarter, compared to the consensus estimate of $90.07 billion. During the same period in the previous year, the firm earned $2.07 earnings per share. Exxon Mobil’s revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts expect that Exxon Mobil Co. will post 9.45 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 24.64%.

Insider Buying and Selling at Exxon Mobil

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the business’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the sale, the vice president now owns 29,272 shares of the company’s stock, valued at $3,398,771.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

XOM has been the subject of several research analyst reports. Morgan Stanley decreased their price objective on Exxon Mobil from $122.00 to $121.00 and set an “overweight” rating for the company in a report on Tuesday. 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 downgraded shares of Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $140.00 to $135.00 in a research note on Thursday, April 13th. Truist Financial increased their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Finally, HSBC increased their price target on Exxon Mobil from $113.50 to $115.50 and gave the stock a “hold” rating in a report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $124.66.

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.