HM Payson & Co. trimmed its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 333,935 shares of the oil and gas company's stock after selling 970 shares during the quarter. HM Payson & Co.'s holdings in Exxon Mobil were worth $36,619,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its position in shares of Exxon Mobil by 16.6% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 10,333 shares of the oil and gas company's stock valued at $1,140,000 after purchasing an additional 1,469 shares during the last quarter. St. Louis Trust Co grew its position in shares of Exxon Mobil by 11.0% in the fourth quarter. St. Louis Trust Co now owns 35,533 shares of the oil and gas company's stock valued at $3,919,000 after purchasing an additional 3,507 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Exxon Mobil by 5.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 117,524 shares of the oil and gas company's stock valued at $12,963,000 after buying an additional 5,770 shares during the period. Northstar Asset Management LLC lifted its stake in shares of Exxon Mobil by 3.0% in the fourth quarter. Northstar Asset Management LLC now owns 32,262 shares of the oil and gas company's stock valued at $3,558,000 after buying an additional 925 shares during the period. Finally, TTP Investments Inc. lifted its stake in shares of Exxon Mobil by 0.9% in the fourth quarter. TTP Investments Inc. now owns 20,844 shares of the oil and gas company's stock valued at $2,299,000 after buying an additional 181 shares during the period. 58.59% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
XOM has been the subject of several research reports. HSBC increased their target price on shares of Exxon Mobil from $113.50 to $115.50 and gave the company a "hold" rating in a research note on Thursday, April 20th. Scotiabank cut shares of Exxon Mobil from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $140.00 to $135.00 in a research note on Thursday, April 13th. StockNews.com initiated coverage on shares of Exxon Mobil in a research note on Thursday, May 18th. They issued a "hold" rating for the company. Truist Financial increased their target price on shares of Exxon Mobil from $116.00 to $118.00 in a research note on Monday, May 1st. Finally, Morgan Stanley raised their price target on shares of Exxon Mobil from $118.00 to $122.00 in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.70.
Insiders Place Their Bets
In other Exxon Mobil news, VP Darrin L. Talley sold 2,500 shares of Exxon Mobil stock in a transaction on Monday, May 1st. The shares were sold at an average price of $116.11, for a total transaction of $290,275.00. Following the completion of the sale, the vice president now owns 29,272 shares of the company's stock, valued at approximately $3,398,771.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.06% of the company's stock.
Exxon Mobil Stock Performance
Shares of Exxon Mobil stock opened at $107.25 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.46 and a quick ratio of 1.10. The firm has a market cap of $433.61 billion, a P/E ratio of 7.26, a P/E/G ratio of 0.62 and a beta of 1.09. The firm has a 50 day simple moving average of $107.10 and a 200 day simple moving average of $109.65. Exxon Mobil Co. has a fifty-two week low of $80.69 and a fifty-two week high of $119.92.
Exxon Mobil (NYSE:XOM - Free Report) last released its earnings results on Friday, April 28th. The oil and gas company reported $2.83 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.18. Exxon Mobil had a net margin of 15.06% and a return on equity of 31.48%. The firm had revenue of $86.56 billion during the quarter, compared to analyst estimates of $90.07 billion. During the same quarter in the previous year, the business earned $2.07 EPS. The business's quarterly revenue was down 4.3% compared to the same quarter last year. Sell-side analysts predict that Exxon Mobil Co. will post 9.59 earnings per share for the current fiscal year.
Exxon Mobil Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 16th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend was Monday, May 15th. Exxon Mobil's dividend payout ratio is presently 24.64%.
Exxon Mobil Company 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Exxon Mobil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exxon Mobil wasn't on the list.
While Exxon Mobil currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Reporthttps://news.google.com/rss/articles/CBMiSWh0dHBzOi8vd3d3Lm1hcmtldGJlYXQuY29tL2luc3RhbnQtYWxlcnRzL255c2UteG9tLXNlYy1maWxpbmctMjAyMy0wNy0wMi_SAQA?oc=5
2023-07-02 09:08:46Z
CBMiSWh0dHBzOi8vd3d3Lm1hcmtldGJlYXQuY29tL2luc3RhbnQtYWxlcnRzL255c2UteG9tLXNlYy1maWxpbmctMjAyMy0wNy0wMi_SAQA
Bagikan Berita Ini
0 Response to "HM Payson & Co. Has $36.62 Million Stake in Exxon Mobil Co ... - MarketBeat"
Post a Comment