Verity & Verity LLC Raises Position in Exxon Mobil Co. (NYSE:XOM)

Defense World · Mar 21, 2023 22:27

Verity & Verity LLC lifted its stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,951 shares of the oil and gas company's stock after buying an additional 5,244 shares during the period. Exxon Mobil makes up 2.0% of Verity & Verity LLC's portfolio, making the stock its 14th biggest position. Verity & Verity LLC's holdings in Exxon Mobil were worth $15,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Karp Capital Management Corp purchased a new stake in shares of Exxon Mobil in the third quarter worth about $28,000. Clear Perspectives Financial Planning LLC boosted its position in shares of Exxon Mobil by 259.0% in the third quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company's stock worth $33,000 after buying an additional 272 shares during the period. Align Wealth Management LLC purchased a new stake in shares of Exxon Mobil in the fourth quarter worth about $38,000. Mine & Arao Wealth Creation & Management LLC. boosted its position in shares of Exxon Mobil by 61.7% in the third quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company's stock worth $39,000 after buying an additional 169 shares during the period. Finally, Horizons Wealth Management purchased a new stake in shares of Exxon Mobil in the second quarter worth about $41,000. Hedge funds and other institutional investors own 57.49% of the company's stock.

Get Exxon Mobil alerts:

Analyst Ratings Changes

XOM has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Exxon Mobil from $125.00 to $133.00 and gave the company an "overweight" rating in a report on Friday, March 3rd. Bank of America increased their price target on Exxon Mobil from $136.00 to $140.00 and gave the company a "buy" rating in a report on Wednesday, February 1st. Citigroup increased their price target on Exxon Mobil from $98.00 to $110.00 in a report on Tuesday, November 22nd. Redburn Partners downgraded Exxon Mobil from a "neutral" rating to a "sell" rating in a report on Wednesday, January 18th. Finally, B. Riley increased their price target on Exxon Mobil from $128.00 to $133.00 and gave the company a "buy" rating in a report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Exxon Mobil has a consensus rating of "Moderate Buy" and an average target price of $121.64.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,500 shares of the company's stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total value of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares of the company's stock, valued at $3,669,666. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.04% of the company's stock.

Exxon Mobil Stock Up 2.6 %

Exxon Mobil stock opened at $102.45 on Tuesday. The company has a 50-day simple moving average of $111.62 and a 200-day simple moving average of $106.64. The firm has a market capitalization of $417.07 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.06 and a current ratio of 1.41. Exxon Mobil Co. has a one year low of $79.29 and a one year high of $119.63.

Exxon Mobil (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 EPS for the quarter, topping the consensus estimate of $3.32 by $0.08. The business had revenue of $95.43 billion during the quarter, compared to analyst estimates of $90.21 billion. Exxon Mobil had a net margin of 13.47% and a return on equity of 31.25%. The company's quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.05 earnings per share. As a group, equities analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.55%. The ex-dividend date was Monday, February 13th. Exxon Mobil's payout ratio is currently 27.45%.

Exxon Mobil Company Profile

(Get Rating)

Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.