Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lifted by Soltis Investment Advisors LLC

Posted by on Jul 31st, 2023

Soltis Investment Advisors LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 18.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,469 shares of the oil and gas company’s stock after acquiring an additional 3,981 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Exxon Mobil were worth $2,793,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Stone House Investment Management LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $25,000. Dark Forest Capital Management LP acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $27,000. Corrado Advisors LLC acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $28,000. Artemis Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the 1st quarter worth about $36,000. Finally, Koesten Hirschmann & Crabtree INC. acquired a new position in shares of Exxon Mobil during the 4th quarter worth about $36,000. Institutional investors own 58.59% of the company’s stock.

Exxon Mobil Stock Down 1.2 %

Shares of XOM opened at $104.16 on Monday. The firm has a market capitalization of $421.12 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48. The business’s fifty day moving average price is $104.96 and its two-hundred day moving average price is $109.13. Exxon Mobil Co. has a 52 week low of $83.89 and a 52 week high of $119.92.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted 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 company had revenue of $82.91 billion during the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The business’s revenue for the quarter was down 28.3% compared to the same quarter last year. During the same period last year, the company earned $4.14 EPS. On average, analysts predict that Exxon Mobil Co. will post 8.87 earnings per share for the current year.

Exxon Mobil Announces Dividend

The business also recently declared 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is currently 29.12%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on XOM shares. Truist Financial cut their price target on Exxon Mobil from $118.00 to $110.00 and set a “hold” rating for the company in a report on Monday, July 24th. HSBC upped their price target on Exxon Mobil from $113.50 to $115.50 and gave the company a “hold” rating in a report on Thursday, April 20th. Mizuho cut their price target on Exxon Mobil from $147.00 to $130.00 in a report on Friday, May 19th. Jefferies Financial Group cut their price target on Exxon Mobil from $148.00 to $140.00 in a report on Monday, May 15th. Finally, Scotiabank lowered Exxon Mobil from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $124.30.

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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