Syverson Strege & Co Increases Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by on Jul 30th, 2023

Syverson Strege & Co increased its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 9.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,128 shares of the oil and gas company’s stock after purchasing an additional 428 shares during the period. Syverson Strege & Co’s holdings in Exxon Mobil were worth $562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in XOM. Your Advocates Ltd. LLP raised its position in Exxon Mobil by 0.7% during the first quarter. Your Advocates Ltd. LLP now owns 12,178 shares of the oil and gas company’s stock valued at $1,335,000 after purchasing an additional 86 shares in the last quarter. 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 purchasing an additional 87 shares in the last quarter. Bank of The West raised its position 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 valued at $1,183,000 after purchasing an additional 89 shares in the last quarter. Motive Wealth Advisors raised its position in Exxon Mobil by 2.1% during the fourth quarter. Motive Wealth Advisors now owns 4,277 shares of the oil and gas company’s stock valued at $472,000 after purchasing an additional 90 shares in the last quarter. Finally, Smart Money Group LLC raised its position in Exxon Mobil by 3.8% during the fourth quarter. Smart Money Group LLC now owns 2,468 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 58.59% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 2,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $3,398,771.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

XOM has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 target price on shares of Exxon Mobil in a research note on Wednesday, July 19th. UBS Group raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $144.00 in a research note on Tuesday, April 18th. HSBC boosted their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the stock 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 set a “hold” rating on the stock. Finally, Mizuho decreased their target price on shares of Exxon Mobil from $147.00 to $130.00 in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $124.30.

Exxon Mobil Stock Performance

Shares of Exxon Mobil stock opened at $104.16 on Friday. 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 business has a 50-day moving average price of $104.96 and a two-hundred day moving average price of $109.15. Exxon Mobil Co. has a 1-year low of $83.89 and a 1-year high of $119.92. The company has a market cap of $421.12 billion, a P/E ratio of 8.33, a PEG ratio of 0.60 and a beta of 1.08.

Exxon Mobil (NYSE:XOM – Get Free Report) last issued its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.06). The business had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a return on equity of 31.48% and a net margin of 15.06%. The business’s revenue was down 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.14 earnings per share. As a group, analysts anticipate that Exxon Mobil Co. will post 8.87 EPS for the current year.

Exxon Mobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Wednesday, August 16th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $3.64 annualized dividend and a dividend yield of 3.49%. Exxon Mobil’s dividend payout ratio is presently 29.12%.

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.

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Institutional Ownership by Quarter for Exxon Mobil (NYSE:XOM)

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