Inscription Capital LLC Decreases Stake in Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Sep 25th, 2023

Inscription Capital LLC lowered its position in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,910 shares of the oil and gas company’s stock after selling 163 shares during the quarter. Inscription Capital LLC’s holdings in Exxon Mobil were worth $2,243,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its holdings in Exxon Mobil by 140,855.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after acquiring an additional 123,254,064 shares during the period. Norges Bank purchased a new position in Exxon Mobil in the 4th quarter worth approximately $5,226,390,000. Price T Rowe Associates Inc. MD boosted its holdings in Exxon Mobil by 16.0% in the 1st 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 during the period. Envestnet Asset Management Inc. boosted its stake in shares of Exxon Mobil by 188.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 8,740,551 shares of the oil and gas company’s stock valued at $327,573,000 after buying an additional 5,711,599 shares during the last quarter. Finally, Morgan Stanley grew its position 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 worth $5,788,398,000 after buying an additional 5,566,797 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Exxon Mobil Stock Performance

XOM stock opened at $114.94 on Monday. The company has a market capitalization of $460.13 billion, a P/E ratio of 9.20, a PEG ratio of 0.60 and a beta of 1.08. The company has a 50-day simple moving average of $109.82 and a 200 day simple moving average of $108.65. Exxon Mobil Co. has a fifty-two week low of $83.89 and a fifty-two week 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.

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 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.06). Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business had revenue of $82.91 billion during the quarter, compared to the consensus estimate of $81.80 billion. During the same quarter last year, the firm posted $4.14 earnings per share. Exxon Mobil’s revenue was down 28.3% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th were given a $0.91 dividend. 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 Analyst Weigh In

A number of brokerages recently issued reports on XOM. Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $100.00 to $105.00 in a research note on Thursday, August 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price objective on shares of Exxon Mobil in a report on Thursday. Mizuho lifted their price objective on shares of Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, September 18th. 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 report on Friday. Finally, Wolfe Research downgraded 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. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Exxon Mobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.74.

View Our Latest Stock Report on Exxon Mobil

Insiders Place Their Bets

In other Exxon Mobil 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 value of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Exxon Mobil 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 value of $172,500.00. Following the sale, the vice president now directly owns 27,772 shares in the company, valued at $3,193,780. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey W. Ubben purchased 458,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now 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. 0.06% of the stock is owned by company insiders.

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.