Dominguez Wealth Management Solutions Inc. Has $920,000 Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Sep 24th, 2023

Dominguez Wealth Management Solutions Inc. lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 4.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,582 shares of the oil and gas company’s stock after selling 419 shares during the period. Exxon Mobil accounts for about 0.8% of Dominguez Wealth Management Solutions Inc.’s portfolio, making the stock its 28th largest position. Dominguez Wealth Management Solutions Inc.’s holdings in Exxon Mobil were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of XOM. Stone House Investment Management LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $25,000. Dark Forest Capital Management LP acquired a new position in shares of Exxon Mobil during the 4th quarter valued at $27,000. KB Financial Partners LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $27,000. Artemis Wealth Advisors LLC acquired a new position in shares of Exxon Mobil during the 1st quarter valued at $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in Exxon Mobil during the 1st quarter valued at $38,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Insider Buying and Selling at Exxon Mobil

In other news, Director Jeffrey W. Ubben purchased 458,000 shares of the stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $106.93 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Jeffrey W. Ubben purchased 458,000 shares of the stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $106.93 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 1,500 shares of the company’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 transaction of $172,500.00. Following the completion of the transaction, the vice president now owns 27,772 shares in the company, valued at $3,193,780. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Exxon Mobil Price Performance

Shares of NYSE:XOM opened at $114.94 on Friday. The company’s 50-day moving average is $109.82 and its 200 day moving average is $108.67. 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 company has a market capitalization of $460.13 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week high of $119.92.

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 company had revenue of $82.91 billion during the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. Exxon Mobil’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same period last year, the firm posted $4.14 earnings per share. On average, equities research analysts forecast that Exxon Mobil Co. will post 8.94 earnings per share for the current year.

Exxon Mobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend was Tuesday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 29.12%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wolfe Research lowered shares of Exxon Mobil from an “outperform” rating to a “peer perform” rating in a research note on Friday, July 7th. They noted that the move was a valuation call. Wells Fargo & Company boosted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday. Piper Sandler decreased their price target on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. HSBC boosted their price target on shares of Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. Finally, Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and boosted their price target for the company from $100.00 to $105.00 in a research note on Thursday, August 31st. Eleven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $123.74.

Check Out Our Latest Research Report on XOM

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.