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Exxon Mobil Co. (NYSE:XOM) Shares Sold by Riverwater Partners LLC

Defense World ·  Mar 22, 2023 20:48

Riverwater Partners LLC lessened its stake in shares of Exxon Mobil Co. (NYSE:XOM – Get Rating) by 56.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,119 shares of the oil and gas company's stock after selling 4,001 shares during the period. Riverwater Partners LLC's holdings in Exxon Mobil were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Karp Capital Management Corp purchased a new stake in shares of Exxon Mobil in the 3rd quarter valued at approximately $28,000. Clear Perspectives Financial Planning LLC raised its stake in Exxon Mobil by 259.0% during the 3rd quarter. Clear Perspectives Financial Planning LLC now owns 377 shares of the oil and gas company's stock worth $33,000 after acquiring an additional 272 shares in the last quarter. Align Wealth Management LLC acquired a new stake in Exxon Mobil during the 4th quarter worth $38,000. Mine & Arao Wealth Creation & Management LLC. raised its stake in Exxon Mobil by 61.7% during the 3rd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 443 shares of the oil and gas company's stock worth $39,000 after acquiring an additional 169 shares in the last quarter. Finally, Horizons Wealth Management purchased a new position in Exxon Mobil during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 57.49% of the company's stock.

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Insider Activity at Exxon Mobil

In related news, VP Darrin L. Talley sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $115.50, for a total transaction of $288,750.00. Following the transaction, the vice president now owns 31,772 shares of the company's stock, valued at $3,669,666. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.04% of the company's stock.

Exxon Mobil Stock Performance

Shares of XOM opened at $107.04 on Wednesday. Exxon Mobil Co. has a one year low of $79.29 and a one year high of $119.63. The company has a 50-day moving average of $111.56 and a two-hundred day moving average of $106.72. The stock has a market cap of $435.76 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 0.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.06.

Exxon Mobil (NYSE:XOM – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share for the quarter, beating the consensus estimate of $3.32 by $0.08. The firm had revenue of $95.43 billion for 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 revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 earnings per share. On average, equities research analysts expect that Exxon Mobil Co. will post 10.08 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Tuesday, February 14th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.40%. The ex-dividend date was Monday, February 13th. Exxon Mobil's payout ratio is presently 27.45%.

Analyst Ratings Changes

Several research analysts have issued reports on XOM shares. Truist Financial raised their price objective on shares of Exxon Mobil from $101.00 to $110.00 and gave the stock a "hold" rating in a research report on Wednesday, February 1st. Piper Sandler decreased their price objective on shares of Exxon Mobil from $131.00 to $127.00 and set an "overweight" rating on the stock in a report on Monday, December 19th. B. Riley boosted their price objective on shares of Exxon Mobil from $128.00 to $133.00 and gave the company a "buy" rating in a research report on Thursday, February 2nd. StockNews.com initiated coverage on shares of Exxon Mobil in a research report on Thursday, March 16th. They issued a "hold" rating for the company. Finally, Cowen upped their price target on shares of Exxon Mobil from $108.00 to $113.00 and gave the stock a "market perform" rating in a research report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Exxon Mobil currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.64.

Exxon Mobil Profile

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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.

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