Exxon Mobil Co. (NYSE:XOM) Shares Sold by Calton & Associates Inc.

Posted by Defense World Staff on Oct 10th, 2023

Calton & Associates Inc. decreased its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,005 shares of the oil and gas company’s stock after selling 1,843 shares during the period. Exxon Mobil comprises approximately 1.0% of Calton & Associates Inc.’s portfolio, making the stock its 25th biggest holding. Calton & Associates Inc.’s holdings in Exxon Mobil were worth $2,038,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of XOM. Stone House Investment Management LLC acquired a new stake in shares of Exxon Mobil during the first quarter valued at $25,000. KB Financial Partners LLC acquired a new stake in shares of Exxon Mobil during the first quarter valued at $27,000. Financial Connections Group Inc. boosted its stake in shares of Exxon Mobil by 105.4% during the second quarter. Financial Connections Group Inc. now owns 306 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 157 shares during the last quarter. Artemis Wealth Advisors LLC acquired a new stake in shares of Exxon Mobil during the first quarter valued at $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in shares of Exxon Mobil during the first quarter valued at $38,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Insider Activity at Exxon Mobil

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 stock was purchased at an average price of $106.93 per share, for a total transaction of $48,973,940.00. Following the purchase, the director now directly owns 1,635,000 shares in the company, valued at $174,830,550. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Exxon Mobil news, 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 in the company, valued at approximately $3,193,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey W. Ubben acquired 458,000 shares of Exxon Mobil stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $106.93 per share, with a total value of $48,973,940.00. Following the transaction, the director now directly owns 1,635,000 shares in the company, valued at approximately $174,830,550. The disclosure for this purchase can be found here. 0.04% of the stock is owned by corporate insiders.

Exxon Mobil Stock Performance

XOM opened at $110.85 on Tuesday. The company has a market cap of $443.75 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05. The stock has a 50-day moving average of $112.13 and a 200-day moving average of $109.41. Exxon Mobil Co. has a 52-week low of $96.75 and a 52-week high of $120.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.48.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, July 28th. The oil and gas company reported $1.94 earnings per share (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 the consensus estimate 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 was down 28.3% compared to the same quarter last year. During the same quarter last year, the company posted $4.14 EPS. As a group, equities research analysts forecast that Exxon Mobil Co. will post 9.25 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were paid a dividend of $0.91 per share. The ex-dividend date was Tuesday, August 15th. This represents a $3.64 annualized dividend and a yield of 3.28%. Exxon Mobil’s payout ratio is 29.12%.

Analysts Set New Price Targets

Several analysts have commented on the company. Wells Fargo & Company lifted their price target on Exxon Mobil from $127.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Redburn Partners upgraded Exxon Mobil from a “sell” rating to a “neutral” rating and lifted their price target for the company from $100.00 to $105.00 in a report on Thursday, August 31st. HSBC lifted their price target on Exxon Mobil from $110.00 to $116.00 in a report on Wednesday, August 9th. Bank of America lifted their price target on Exxon Mobil from $145.00 to $150.00 in a report on Wednesday, September 27th. Finally, Morgan Stanley lifted their price target on Exxon Mobil from $131.00 to $134.00 and gave the company an “overweight” rating in a report on Monday, October 2nd. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.48.

Read Our Latest Analysis 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.