Exxon Mobil Co. (NYSE:XOM) Shares Bought by Main Street Research LLC

Posted by Defense World Staff on Jul 24th, 2023

Main Street Research LLC raised its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 60.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,208 shares of the oil and gas company’s stock after purchasing an additional 10,993 shares during the quarter. Exxon Mobil comprises approximately 0.6% of Main Street Research LLC’s portfolio, making the stock its 26th largest holding. Main Street Research LLC’s holdings in Exxon Mobil were worth $3,203,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Stone House Investment Management LLC acquired a new position in shares of Exxon Mobil during the first quarter worth about $25,000. Dark Forest Capital Management LP acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $27,000. Corrado Advisors LLC acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $28,000. Artemis Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the first quarter worth about $36,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Exxon Mobil during the fourth quarter worth about $36,000. 58.59% of the stock is currently owned by institutional investors and hedge funds.

Exxon Mobil Stock Performance

Shares of XOM opened at $103.89 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.46. The company has a market capitalization of $420.03 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.58 and a beta of 1.08. The company’s 50 day simple moving average is $104.93 and its 200 day simple moving average is $109.30. Exxon Mobil Co. has a 1 year low of $83.89 and a 1 year high of $119.92.

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 for the quarter, topping analysts’ consensus estimates of $2.65 by $0.18. The company had revenue of $86.56 billion for the quarter, compared to the consensus estimate of $90.07 billion. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. Exxon Mobil’s revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 earnings per share. On average, sell-side analysts predict that Exxon Mobil Co. will post 9.11 EPS for the current year.

Exxon Mobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were paid 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 was Monday, May 15th. Exxon Mobil’s dividend payout ratio is currently 24.64%.

Analysts Set New Price Targets

Several brokerages have weighed in on XOM. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 target price on shares of Exxon Mobil in a research report on Wednesday, July 19th. Jefferies Financial Group lowered their target price on shares of Exxon Mobil from $148.00 to $140.00 in a research report on Monday, May 15th. Truist Financial upped their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research report on Monday, May 1st. Piper Sandler lowered their target price on shares of Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Finally, UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their price target for the company from $125.00 to $144.00 in a report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $124.66.

Insiders Place Their Bets

In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction that occurred 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 transaction, 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 legal filing with the SEC, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

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.