Dominguez Wealth Management Solutions Inc. Lowers Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Sep 24th, 2023

Dominguez Wealth Management Solutions Inc. cut its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,582 shares of the oil and gas company’s stock after selling 419 shares during the quarter. Exxon Mobil comprises approximately 0.8% of Dominguez Wealth Management Solutions Inc.’s portfolio, making the stock its 28th biggest position. Dominguez Wealth Management Solutions Inc.’s holdings in Exxon Mobil were worth $920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triasima Portfolio Management inc. increased 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 valued at $500,000 after acquiring an additional 153 shares in the last quarter. TIAA FSB increased 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 valued at $55,837,000 after acquiring an additional 38,760 shares in the last quarter. Horizons Wealth Management increased its holdings in shares of Exxon Mobil by 214.6% during the second quarter. Horizons Wealth Management now owns 453 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 309 shares in the last quarter. Nvest Financial LLC increased its holdings in shares of Exxon Mobil by 5.6% during the first quarter. Nvest Financial LLC now owns 3,651 shares of the oil and gas company’s stock valued at $400,000 after acquiring an additional 194 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its holdings in Exxon Mobil by 4.9% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 21,302 shares of the oil and gas company’s stock worth $2,336,000 after buying an additional 1,003 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of several research analyst reports. Mizuho lifted their price objective on Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Piper Sandler reduced their price objective on Exxon Mobil from $145.00 to $127.00 in a report on Tuesday, June 13th. Wolfe Research downgraded Exxon Mobil from an “outperform” rating to a “peer perform” rating in a report on Friday, July 7th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Thursday. Finally, UBS Group lifted their price objective on Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.74.

Get Our Latest Analysis on XOM

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Darrin L. Talley sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $115.00, for a total value of $172,500.00. Following the transaction, the vice president now directly owns 27,772 shares of the company’s stock, valued at approximately $3,193,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the acquisition, the director now owns 1,635,000 shares in the company, valued at approximately $174,830,550. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

Exxon Mobil Stock Up 0.2 %

XOM stock opened at $114.94 on Friday. Exxon Mobil Co. has a twelve month low of $83.89 and a twelve month high of $119.92. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. The stock has a market cap of $460.13 billion, a P/E ratio of 9.20, a PEG ratio of 0.60 and a beta of 1.08. The business’s 50-day moving average price is $109.82 and its 200-day moving average price is $108.67.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data 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). Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. The company had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. During the same period in the previous year, the firm earned $4.14 earnings per share. The firm’s quarterly revenue was down 28.3% on a year-over-year basis. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.94 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a $0.91 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 dividend on an annualized basis and a yield of 3.17%. 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.