Grey Street Capital LLC Has $3.56 Million Holdings in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Sep 25th, 2023

Grey Street Capital LLC grew its stake in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 130.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,180 shares of the oil and gas company’s stock after acquiring an additional 18,797 shares during the period. Exxon Mobil accounts for 1.9% of Grey Street Capital LLC’s holdings, making the stock its 13th largest position. Grey Street Capital LLC’s holdings in Exxon Mobil were worth $3,559,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Transform Wealth LLC lifted its position in Exxon Mobil by 2.7% during the second quarter. Transform Wealth LLC now owns 125,045 shares of the oil and gas company’s stock worth $13,411,000 after acquiring an additional 3,241 shares during the last quarter. Chatham Capital Group Inc. raised its position in shares of Exxon Mobil by 1.5% in the second quarter. Chatham Capital Group Inc. now owns 10,103 shares of the oil and gas company’s stock valued at $1,084,000 after buying an additional 150 shares in the last quarter. Perkins Coie Trust Co raised its position in shares of Exxon Mobil by 50.4% in the second quarter. Perkins Coie Trust Co now owns 7,949 shares of the oil and gas company’s stock valued at $853,000 after buying an additional 2,665 shares in the last quarter. Moulton Wealth Management Inc. raised its position in shares of Exxon Mobil by 0.8% in the second quarter. Moulton Wealth Management Inc. now owns 12,402 shares of the oil and gas company’s stock valued at $1,330,000 after buying an additional 103 shares in the last quarter. Finally, Flagstone Financial Management raised its position in shares of Exxon Mobil by 1.7% in the second quarter. Flagstone Financial Management now owns 10,652 shares of the oil and gas company’s stock valued at $1,142,000 after buying an additional 175 shares in the last quarter. 58.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

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

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $114.94 on Monday. The firm’s 50-day moving average price is $109.82 and its 200-day moving average price is $108.65. Exxon Mobil Co. has a 1-year low of $83.89 and a 1-year high of $119.92. The firm has a market capitalization of $460.13 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.60 and a beta of 1.08. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18.

Exxon Mobil (NYSE:XOM – Get Free Report) last announced its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $81.80 billion. During the same quarter in the prior year, the company posted $4.14 EPS. Exxon Mobil’s revenue for the quarter was down 28.3% on a year-over-year basis. Equities research analysts anticipate that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group lifted their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. Piper Sandler decreased their price objective on shares of Exxon Mobil from $145.00 to $127.00 in a research note on Tuesday, June 13th. Morgan Stanley boosted their target price on shares of Exxon Mobil from $124.00 to $131.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.74.

Check Out Our Latest Stock Report on XOM

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.