Perigon Wealth Management LLC Decreases Holdings in Exxon Mobil Co. (NYSE:XOM) - Defense World

Perigon Wealth Management LLC cut its holdings in shares of Exxon Mobil Co. (NYSE:XOM – Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,354 shares of the oil and gas company’s stock after selling 1,546 shares during the quarter. Perigon Wealth Management LLC’s holdings in Exxon Mobil were worth $11,533,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in XOM. Moneta Group Investment Advisors LLC grew its stake in shares of Exxon Mobil by 140,855.3% during the 4th 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 acquiring an additional 123,254,064 shares during the period. Norges Bank bought a new position in shares of Exxon Mobil during the 4th quarter worth $5,226,390,000. Imprint Wealth LLC grew its stake in shares of Exxon Mobil by 9,115.2% during the 2nd quarter. Imprint Wealth LLC now owns 11,304,343 shares of the oil and gas company’s stock worth $1,130,434,000 after acquiring an additional 11,181,673 shares during the period. Morgan Stanley grew its stake in shares of Exxon Mobil by 11.9% during the 4th quarter. Morgan Stanley now owns 52,478,674 shares of the oil and gas company’s stock worth $5,788,398,000 after acquiring an additional 5,566,797 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock worth $491,678,000 after acquiring an additional 4,870,115 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Price Performance

XOM opened at $120.37 on Monday. 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 52-week low of $95.77 and a 52-week high of $123.75. The stock has a market capitalization of $476.46 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 4.21 and a beta of 0.96. The stock’s 50 day moving average price is $109.87 and its 200-day moving average price is $106.12.

Exxon Mobil (NYSE:XOM – Get Free Report) last posted its earnings results on Friday, February 2nd. The oil and gas company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.28. Exxon Mobil had a return on equity of 18.51% and a net margin of 10.45%. The firm had revenue of $84.34 billion for the quarter, compared to analysts’ expectations of $90.03 billion. During the same period in the previous year, the firm earned $3.40 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. On average, equities research analysts predict that Exxon Mobil Co. will post 9.54 EPS for the current year.

Exxon Mobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.95 per share. The ex-dividend date was Tuesday, February 13th. This represents a $3.80 annualized dividend and a dividend yield of 3.16%. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insider Activity

In related news, VP Darrin L. Talley sold 2,400 shares of Exxon Mobil stock in a transaction that occurred on 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 directly 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 available at the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

XOM has been the subject of several research reports. Barclays initiated coverage on Exxon Mobil in a research note on Wednesday, April 10th. They set an “overweight” rating and a $147.00 price target for the company. Truist Financial raised their target price on Exxon Mobil from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Erste Group Bank restated a “hold” rating on shares of Exxon Mobil in a research note on Friday, December 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Monday, February 5th. Finally, Mizuho restated a “neutral” rating and issued a $125.00 target price on shares of Exxon Mobil in a research note on Thursday, April 4th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.44.

Check Out Our Latest Stock Analysis on XOM

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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2024-04-15 10:26:38Z
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