Schmidt P J Investment Management Inc. Purchases 538 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 22nd, 2023

Schmidt P J Investment Management Inc. boosted its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,512 shares of the oil and gas company’s stock after acquiring an additional 538 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Exxon Mobil were worth $2,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XOM. Murphy Middleton Hinkle & Parker Inc. raised its position 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 acquiring an additional 87 shares in the last quarter. Bank of The West boosted its holdings in Exxon Mobil by 0.8% during 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 increased its holdings in 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 valued at $472,000 after buying an additional 90 shares in the last quarter. Smart Money Group LLC boosted its stake in shares of Exxon Mobil by 3.8% during the 4th quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock worth $272,000 after acquiring an additional 91 shares in the last quarter. Finally, Acorn Wealth Advisors LLC grew its position in shares of Exxon Mobil by 3.8% during the 4th quarter. Acorn Wealth Advisors LLC now owns 2,483 shares of the oil and gas company’s stock valued at $274,000 after acquiring an additional 91 shares during the period. 58.59% of the stock is owned by institutional investors.

Exxon Mobil Stock Up 0.5 %

Exxon Mobil stock opened at $103.89 on Friday. The firm has a market capitalization of $420.03 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.55 and a beta of 1.08. The stock’s fifty day simple moving average is $104.93 and its 200-day simple moving average is $109.26. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve 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.

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, beating analysts’ consensus estimates 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 analyst estimates of $90.07 billion. During the same quarter 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. As a group, equities analysts expect that Exxon Mobil Co. will post 9.45 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend 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 related 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 completion of the transaction, the vice president now owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on XOM shares. Scotiabank lowered Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $140.00 to $135.00 in a research report on Thursday, April 13th. Piper Sandler decreased their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. StockNews.com began coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They set a “hold” rating for the company. The Goldman Sachs Group lowered 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, Jefferies Financial Group cut their price objective on Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. One investment 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $124.66.

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.