April 02, 2024 [Defence World]- CJM Wealth Advisers Ltd. cut its holdings in Exxon Mobil Co. by 0.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,756 shares of the oil and gas company’s stock after selling 343 shares during the period. Exxon Mobil makes up approximately 2.4% of CJM Wealth Advisers Ltd.’s investment portfolio, making the stock its 6th largest position. CJM Wealth Advisers Ltd.’s holdings in Exxon Mobil were worth $5,474,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its position in Exxon Mobil by 3.0% during the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock worth $17,072,534,000 after purchasing an additional 4,162,149 shares during the period. Moneta Group Investment Advisors LLC lifted its position in Exxon Mobil by 140,855.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 123,341,568 shares of the oil and gas company’s stock worth $13,604,575,000 after purchasing an additional 123,254,064 shares during the period. Morgan Stanley lifted its position in Exxon Mobil by 2.0% during the third quarter. Morgan Stanley now owns 53,828,024 shares of the oil and gas company’s stock worth $6,329,099,000 after purchasing an additional 1,066,937 shares during the period. Norges Bank bought a new stake in Exxon Mobil during the fourth quarter worth about $5,226,390,000. Finally, Northern Trust Corp lifted its position in Exxon Mobil by 1.3% during the third quarter. Northern Trust Corp now owns 43,696,758 shares of the oil and gas company’s stock worth $5,137,865,000 after purchasing an additional 576,078 shares during the period. Institutional investors own 61.80% of the company’s stock.
Insider Transactions at Exxon Mobil
In other news, VP Darrin L. Talley sold 2,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total transaction of $252,000.00. Following the completion of the sale, the vice president now owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The sale was disclosed in a legal filing with the SEC, which is accessible through Insiders own 0.06% of the company’s stock.
Exxon Mobil Stock Performance
Opened at $116.24 on Monday. The company has a market capitalization of $461.22 billion, a PE ratio of 13.08, a P/E/G ratio of 4.26 and a beta of 0.96. The company has a 50 day simple moving average of $106.11 and a two-hundred day simple moving average of $105.96. 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 Co. has a fifty-two week low of $95.77 and a fifty-two week high of $120.70.
Exxon Mobil last released its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.28. The business had revenue of $84.34 billion during the quarter, compared to the consensus estimate of $90.03 billion. Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.40 EPS. Research analysts anticipate that Exxon Mobil Co. will post 9.11 earnings per share for the current year.
Exxon Mobil Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is 42.74%.
Analysts Set New Price Targets
A number of research analysts have recently commented on XOM shares. TD Cowen raised shares of Exxon Mobil from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a report on Tuesday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a report on Monday, February 5th. JPMorgan Chase & Co. dropped their target price on shares of Exxon Mobil from $134.00 to $127.00 and set an “overweight” rating for the company in a report on Friday, December 8th. Mizuho increased their target price on shares of Exxon Mobil from $119.00 to $125.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, Erste Group Bank reissued a “hold” rating on shares of Exxon Mobil in a report on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $128.18.
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