Exxon Mobil Co. (NYSE:XOM) Shares Acquired by First City Capital Management Inc.

12 May 2024, 16:46 by Jessica Moore · The Cerbat Gem

First City Capital Management Inc. boosted its position in Exxon Mobil Co. (NYSE:XOM – Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,553 shares of the oil and gas company’s stock after buying an additional 992 shares during the quarter. Exxon Mobil accounts for approximately 2.7% of First City Capital Management Inc.’s holdings, making the stock its 6th biggest holding. First City Capital Management Inc.’s holdings in Exxon Mobil were worth $4,654,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Keener Financial Planning LLC bought a new position in Exxon Mobil during the 4th quarter valued at $80,000. Orion Capital Management LLC acquired a new stake in shares of Exxon Mobil in the 3rd quarter valued at about $91,000. Authentikos Wealth Advisory LLC bought a new position in shares of Exxon Mobil during the third quarter worth about $92,000. TFO Wealth Partners LLC grew its stake in Exxon Mobil by 118.5% in the third quarter. TFO Wealth Partners LLC now owns 968 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 525 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. increased its holdings in Exxon Mobil by 851.6% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 885 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 792 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, VP Darrin L. Talley sold 2,426 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $119.01, for a total value of $288,718.26. Following the completion of the sale, the vice president now owns 25,363 shares in the company, valued at $3,018,450.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Darrin L. Talley sold 2,400 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $105.00, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on XOM shares. Scotiabank lifted their target price on Exxon Mobil from $114.00 to $129.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Barclays began coverage on Exxon Mobil in a report on Wednesday, April 10th. They issued an “overweight” rating and a $147.00 price target for the company. Piper Sandler boosted their price target on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a report on Monday, February 5th. Finally, Mizuho reiterated a “neutral” rating and issued a $125.00 price target on shares of Exxon Mobil in a report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.18.

Get Our Latest Report on XOM

Exxon Mobil Trading Down 0.4 %

NYSE:XOM opened at $117.96 on Friday. Exxon Mobil Co. has a 1 year low of $95.77 and a 1 year high of $123.75. The stock has a market cap of $465.12 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 4.11 and a beta of 0.96. The business has a fifty day moving average of $115.90 and a 200-day moving average of $107.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.38.

Exxon Mobil (NYSE:XOM – Get Free Report) last released its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.13). Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business had revenue of $83.08 billion during the quarter, compared to the consensus estimate of $79.69 billion. During the same period in the previous year, the company posted $2.83 EPS. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts predict that Exxon Mobil Co. will post 9.57 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Wednesday, May 15th will be paid a $0.95 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $3.80 annualized dividend and a dividend yield of 3.22%. Exxon Mobil’s payout ratio is 46.57%.

Exxon Mobil Company Profile

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