Sharper & Granite LLC Takes $327,000 Position in Exxon Mobil Co. (NYSE:XOM)

Defense World · Mar 22, 2023 20:48

Sharper & Granite LLC acquired a new stake in Exxon Mobil Co. (NYSE:XOM – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,961 shares of the oil and gas company's stock, valued at approximately $327,000.

Several other institutional investors have also modified their holdings of XOM. Axiom Financial Strategies LLC lifted its holdings in shares of Exxon Mobil by 17.4% in the first quarter. Axiom Financial Strategies LLC now owns 7,909 shares of the oil and gas company's stock valued at $680,000 after buying an additional 1,173 shares during the period. Retirement Income Solutions Inc acquired a new stake in shares of Exxon Mobil in the first quarter valued at $275,000. Loomis Sayles & Co. L P lifted its holdings in shares of Exxon Mobil by 318.8% in 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 buying an additional 13,065 shares during the period. Ergoteles LLC lifted its holdings in shares of Exxon Mobil by 95.6% in the first quarter. Ergoteles LLC now owns 15,843 shares of the oil and gas company's stock valued at $1,308,000 after buying an additional 7,744 shares during the period. Finally, Bridgefront Capital LLC purchased a new stake in shares of Exxon Mobil during the first quarter valued at $237,000. 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 stock in a transaction that occurred on Wednesday, February 1st. The stock was sold at an average price of $115.50, for a total transaction of $288,750.00. Following the completion of the sale, the vice president now owns 31,772 shares in the company, valued at approximately $3,669,666. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Redburn Partners downgraded Exxon Mobil from a "neutral" rating to a "sell" rating in a report on Wednesday, January 18th. Cowen upped their target price on Exxon Mobil from $108.00 to $113.00 and gave the company a "market perform" rating in a report on Thursday, February 2nd. Truist Financial upped their target price on Exxon Mobil from $101.00 to $110.00 and gave the company a "hold" rating in a report on Wednesday, February 1st. Scotiabank raised Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $120.00 to $135.00 in a report on Tuesday, January 17th. Finally, HSBC upped their target price on Exxon Mobil to $111.00 in a report on Friday, December 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Exxon Mobil currently has a consensus rating of "Moderate Buy" and an average price target of $121.64.

Exxon Mobil Stock Performance

XOM opened at $107.04 on Wednesday. The company has a market cap of $435.76 billion, a PE ratio of 8.07, a price-to-earnings-growth ratio of 0.43 and a beta of 1.09. The stock has a 50-day moving average of $111.56 and a 200-day moving average of $106.72. Exxon Mobil Co. has a 52-week low of $79.29 and a 52-week high of $119.63. 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 (NYSE:XOM – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $3.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.32 by $0.08. Exxon Mobil had a return on equity of 31.25% and a net margin of 13.47%. The company had revenue of $95.43 billion during the quarter, compared to the consensus estimate of $90.21 billion. During the same quarter in the prior year, the company posted $2.05 EPS. The firm's revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts forecast that Exxon Mobil Co. will post 10.08 earnings per share for the current fiscal year.

Exxon Mobil Dividend Announcement

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

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.