Gradient Capital Advisors LLC Purchases 1,426 Shares of Exxon Mobil Co. (NYSE:XOM)

Posted by Defense World Staff on Oct 2nd, 2023

Gradient Capital Advisors LLC boosted its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 46.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,471 shares of the oil and gas company’s stock after purchasing an additional 1,426 shares during the period. Gradient Capital Advisors LLC’s holdings in Exxon Mobil were worth $480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Axiom Financial Strategies LLC increased its stake in Exxon Mobil by 17.4% during the 1st quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company’s stock valued at $680,000 after purchasing an additional 1,173 shares in the last quarter. Retirement Income Solutions Inc bought a new stake in Exxon Mobil during the first quarter valued at approximately $275,000. Loomis Sayles & Co. L P lifted its holdings in Exxon Mobil by 318.8% during the first quarter. Loomis Sayles & Co. L P now owns 17,163 shares of the oil and gas company’s stock valued at $1,417,000 after purchasing an additional 13,065 shares in the last quarter. Ergoteles LLC lifted its holdings in Exxon Mobil by 95.6% during the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company’s stock valued at $1,308,000 after purchasing an additional 7,744 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new position in Exxon Mobil during the first quarter valued at approximately $237,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

Shares of NYSE XOM opened at $117.58 on Monday. The stock has a fifty day moving average price of $111.39 and a 200 day moving average price of $109.05. The company has a market cap of $470.70 billion, a PE ratio of 9.41, a P/E/G ratio of 0.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.48 and a quick ratio of 1.09. Exxon Mobil Co. has a 1-year low of $87.31 and a 1-year high of $120.70.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, July 28th. The oil and gas company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business earned $4.14 EPS. The firm’s revenue was down 28.3% on a year-over-year basis. Sell-side analysts forecast that Exxon Mobil Co. will post 9.19 EPS 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. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.10%. Exxon Mobil’s dividend payout ratio is presently 29.12%.

Insiders Place Their Bets

In other Exxon Mobil news, Director Jeffrey W. Ubben purchased 458,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 1,635,000 shares of the company’s stock, valued at $174,830,550. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Exxon Mobil news, Director Jeffrey W. Ubben bought 458,000 shares of the stock in a transaction on Monday, July 31st. The shares were purchased at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the acquisition, the director now directly owns 1,635,000 shares of the company’s stock, valued at approximately $174,830,550. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Darrin L. Talley sold 1,500 shares of the firm’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 value 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 approximately $3,193,780. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group boosted their target price on shares of Exxon Mobil from $135.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. HSBC increased their target price on shares of Exxon Mobil from $110.00 to $116.00 in a research note on Wednesday, August 9th. StockNews.com started coverage on shares of Exxon Mobil in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Thursday, September 21st. Finally, Wells Fargo & Company raised their price target on shares of Exxon Mobil from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, September 22nd. Eleven research 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.17.

View Our Latest Stock Analysis 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.