Avitas Wealth Management LLC Has $5.38 Million Stake in Exxon Mobil Co. (NYSE:XOM) - Defense World

Avitas Wealth Management LLC boosted its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,767 shares of the oil and gas company’s stock after purchasing an additional 1,785 shares during the period. Exxon Mobil accounts for approximately 0.9% of Avitas Wealth Management LLC’s holdings, making the stock its 26th largest holding. Avitas Wealth Management LLC’s holdings in Exxon Mobil were worth $5,376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital Wealth Alliance LLC acquired a new stake in Exxon Mobil during the 4th quarter valued at $289,000. Compass Ion Advisors LLC increased its stake in shares of Exxon Mobil by 1.3% in the 4th quarter. Compass Ion Advisors LLC now owns 13,802 shares of the oil and gas company’s stock valued at $1,380,000 after buying an additional 176 shares during the period. Peoples Financial Services CORP. increased its stake in shares of Exxon Mobil by 0.3% in the 4th quarter. Peoples Financial Services CORP. now owns 44,727 shares of the oil and gas company’s stock valued at $4,472,000 after buying an additional 132 shares during the period. Private Trust Co. NA increased its stake in shares of Exxon Mobil by 27.7% in the 4th quarter. Private Trust Co. NA now owns 66,330 shares of the oil and gas company’s stock valued at $6,632,000 after buying an additional 14,402 shares during the period. Finally, Autumn Glory Partners LLC increased its stake in shares of Exxon Mobil by 7.7% in the 4th quarter. Autumn Glory Partners LLC now owns 16,404 shares of the oil and gas company’s stock valued at $1,605,000 after buying an additional 1,169 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the sale, the vice president now owns 30,189 shares in the company, valued at $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on XOM shares. Mizuho reissued a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Thursday. UBS Group lowered their target price on Exxon Mobil from $133.00 to $132.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. TD Cowen lifted their target price on Exxon Mobil from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Piper Sandler reduced their price target on Exxon Mobil from $142.00 to $130.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Finally, Wells Fargo & Company raised their price target on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.82.

Get Our Latest Research Report on Exxon Mobil

Exxon Mobil Stock Performance

XOM stock opened at $121.37 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. The firm has a market cap of $481.58 billion, a PE ratio of 13.65, a P/E/G ratio of 4.44 and a beta of 0.96. The business’s 50-day moving average price is $108.06 and its two-hundred day moving average price is $105.96. Exxon Mobil Co. has a 1-year low of $95.77 and a 1-year high of $122.15.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.28. The company had revenue of $84.34 billion during the quarter, compared to analysts’ expectations of $90.03 billion. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. Exxon Mobil’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.40 earnings per share. As a group, research analysts forecast that Exxon Mobil Co. will post 9.38 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 14th were issued a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a yield of 3.13%. Exxon Mobil’s payout ratio is presently 42.74%.

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.

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2024-04-08 10:53:14Z
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