Exxon Mobil Co. (NYSE:XOM) Stock Holdings Lessened by Valeo Financial Advisors LLC

Posted by Defense World Staff on Sep 25th, 2023

Valeo Financial Advisors LLC reduced its holdings in Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 93,957 shares of the oil and gas company’s stock after selling 2,934 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Exxon Mobil were worth $8,304,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in Exxon Mobil in the 1st quarter valued at about $25,000. KB Financial Partners LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $27,000. Dark Forest Capital Management LP bought a new stake in shares of Exxon Mobil during the 4th quarter worth about $27,000. Artemis Wealth Advisors LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in shares of Exxon Mobil during the 1st quarter worth about $38,000. 58.53% of the stock is currently owned by institutional investors.

Exxon Mobil Stock Performance

XOM stock opened at $114.94 on Monday. 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 stock has a market cap 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 firm 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 52 week low of $83.89 and a 52 week high of $119.92.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted 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). The company had revenue of $82.91 billion for the quarter, compared to analyst estimates of $81.80 billion. Exxon Mobil had a return on equity of 25.82% and a net margin of 13.72%. The business’s revenue for the quarter was down 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.14 earnings per share. Research analysts anticipate that Exxon Mobil Co. will post 8.94 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued 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 dividend payout ratio is currently 29.12%.

Insider Buying and Selling

In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the purchase, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The stock was purchased at an average cost of $106.93 per share, for a total transaction of $48,973,940.00. Following the completion of the purchase, the director now directly owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Darrin L. Talley sold 1,500 shares of Exxon Mobil stock in a transaction that occurred on 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 owns 27,772 shares of the company’s stock, valued at $3,193,780. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Mizuho boosted their price target on shares of Exxon Mobil from $131.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. UBS Group boosted their price target on shares of Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Redburn Partners upgraded shares of Exxon Mobil from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $100.00 to $105.00 in a research report on Thursday, August 31st. Morgan Stanley boosted their price target on shares of Exxon Mobil from $124.00 to $131.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.74.

Read Our Latest Stock Report on XOM

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.