Ramsay Stattman Vela & Price Inc. Has $2.85 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 23rd, 2023

Ramsay Stattman Vela & Price Inc. decreased its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,949 shares of the oil and gas company’s stock after selling 491 shares during the quarter. Ramsay Stattman Vela & Price Inc.’s holdings in Exxon Mobil were worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Axiom Financial Strategies LLC raised its stake in Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock worth $680,000 after buying an additional 1,173 shares during the period. Retirement Income Solutions Inc bought a new stake in shares of Exxon Mobil in the first quarter worth about $275,000. Loomis Sayles & Co. L P raised its position in shares of Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock worth $1,417,000 after purchasing an additional 13,065 shares during the period. Ergoteles LLC lifted its holdings in shares of Exxon Mobil by 95.6% during the 1st quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC acquired a new position in shares of Exxon Mobil in the 1st quarter valued at approximately $237,000. Institutional investors own 58.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. HSBC lifted their price target on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a research note on Thursday, April 20th. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Jefferies Financial Group dropped their price target on Exxon Mobil from $148.00 to $140.00 in a research note on Monday, May 15th. Mizuho reduced their price objective on Exxon Mobil from $147.00 to $130.00 in a research report on Friday, May 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $124.66.

Insider Buying and Selling 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 completion of the sale, the vice president now owns 29,272 shares in the company, valued at $3,398,771.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.04% of the company’s stock.

Exxon Mobil Stock Performance

XOM opened at $103.89 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.46 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 business has a 50 day moving average of $104.93 and a 200-day moving average of $109.28. The stock 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 announced its quarterly earnings results on Friday, April 28th. The oil and gas company reported $2.83 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $90.07 billion. During the same quarter last year, the firm posted $2.07 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 9.45 earnings per share for the current year.

Exxon Mobil Announces Dividend

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