Congress Park Capital LLC Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Sep 25th, 2023

Congress Park Capital LLC trimmed its stake in Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,285 shares of the oil and gas company’s stock after selling 253 shares during the period. Exxon Mobil accounts for about 1.4% of Congress Park Capital LLC’s investment portfolio, making the stock its 12th biggest holding. Congress Park Capital LLC’s holdings in Exxon Mobil were worth $2,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of XOM. Moneta Group Investment Advisors LLC boosted its holdings in shares of Exxon Mobil by 140,855.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock valued at $13,604,575,000 after buying an additional 123,254,064 shares in the last quarter. Norges Bank purchased a new position in Exxon Mobil during the 4th quarter valued at about $5,226,390,000. Price T Rowe Associates Inc. MD boosted its stake in Exxon Mobil by 16.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 47,592,122 shares of the oil and gas company’s stock worth $5,218,954,000 after acquiring an additional 6,580,247 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Exxon Mobil by 188.6% in the first quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock worth $327,573,000 after purchasing an additional 5,711,599 shares during the period. Finally, Morgan Stanley increased its stake in shares of Exxon Mobil by 11.9% during the fourth quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock valued at $5,788,398,000 after purchasing an additional 5,566,797 shares in the last quarter. Institutional investors own 58.53% of the company’s stock.

Insider Activity

In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the purchase, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Darrin L. Talley sold 1,500 shares of the 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 directly owns 27,772 shares in the company, valued at approximately $3,193,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey W. Ubben purchased 458,000 shares of Exxon Mobil stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the transaction, the director now directly owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The disclosure for this purchase can be found here. Company insiders own 0.06% of the company’s stock.

Exxon Mobil Stock Up 0.2 %

NYSE XOM opened at $114.94 on Monday. The stock’s 50-day moving average price is $109.82 and its 200-day moving average price is $108.65. 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. The company has a quick ratio of 1.09, a current ratio of 1.48 and a debt-to-equity ratio of 0.18. 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 issued its quarterly earnings results 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). The firm had revenue of $82.91 billion for the quarter, compared to analysts’ expectations of $81.80 billion. Exxon Mobil had a net margin of 13.72% and a return on equity of 25.82%. Exxon Mobil’s revenue for the quarter was down 28.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.14 EPS. On average, equities research analysts predict that Exxon Mobil Co. will post 8.94 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared 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. 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%.

Analyst Ratings Changes

XOM has been the topic of a number of analyst reports. Morgan Stanley boosted their price target on Exxon Mobil from $124.00 to $131.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company raised their price target on Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com started coverage on shares of Exxon Mobil in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Wolfe Research cut shares of 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. Finally, Piper Sandler reduced their price target on shares of Exxon Mobil from $145.00 to $127.00 in a research report on Tuesday, June 13th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average target price of $123.74.

Get Our Latest Stock 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.