Money Concepts Capital Corp Has $399,000 Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Jul 24th, 2023

Money Concepts Capital Corp reduced its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 91.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,636 shares of the oil and gas company’s stock after selling 41,279 shares during the period. Money Concepts Capital Corp’s holdings in Exxon Mobil were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its holdings in shares of Exxon Mobil by 16.6% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company’s stock worth $1,140,000 after purchasing an additional 1,469 shares during the last quarter. St. Louis Trust Co grew its holdings in shares of Exxon Mobil by 11.0% during the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company’s stock worth $3,919,000 after purchasing an additional 3,507 shares during the last quarter. Triasima Portfolio Management inc. grew its holdings in shares of Exxon Mobil by 3.5% during the first quarter. Triasima Portfolio Management inc. now owns 4,563 shares of the oil and gas company’s stock worth $500,000 after purchasing an additional 153 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of Exxon Mobil by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company’s stock worth $12,963,000 after purchasing an additional 5,770 shares during the last quarter. Finally, TIAA FSB grew its holdings in shares of Exxon Mobil by 8.2% during the first quarter. TIAA FSB now owns 509,184 shares of the oil and gas company’s stock worth $55,837,000 after purchasing an additional 38,760 shares during the last quarter. 58.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on XOM. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price target on shares of Exxon Mobil in a report on Wednesday, July 19th. StockNews.com initiated coverage on Exxon Mobil in a report on Thursday, May 18th. They issued a “hold” rating on the stock. HSBC upped their target price on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. Morgan Stanley reduced their target price on Exxon Mobil from $122.00 to $121.00 and set an “overweight” rating on the stock in a report on Tuesday, July 18th. Finally, Truist Financial upped their target price on Exxon Mobil from $116.00 to $118.00 in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil presently has an average rating of “Hold” and a consensus price target of $124.66.

Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $116.11, for a total value of $290,275.00. Following the completion of the sale, the vice president now directly owns 29,272 shares of the company’s stock, valued at approximately $3,398,771.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.04% of the stock is currently owned by insiders.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $103.89 on Monday. 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 twelve month low of $83.89 and a twelve month high of $119.92. The stock’s 50 day moving average is $104.93 and its 200-day moving average is $109.30. The firm 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.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its 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. 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 period in the prior year, the firm earned $2.07 earnings per share. Exxon Mobil’s revenue for the quarter was down 4.3% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 9.11 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders 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 dividend yield of 3.50%. The ex-dividend date was Monday, May 15th. Exxon Mobil’s payout ratio is 24.64%.

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.