Geneos Wealth Management Inc. Has $18.22 Million Stock Holdings in Exxon Mobil Corporation $XOM

Key Points

• Geneos Wealth Management Inc. increased its stake in Exxon Mobil by 79.1% in Q1 2023, now holding 153,201 shares valued at approximately $18.2 million.
• Several institutional investors significantly enhanced their investments in Exxon Mobil, including GQG Partners LLC and GAMMA Investing LLC, which reported increases of 15,135.7% and 14,242.7% respectively during the same quarter.
• Exxon Mobil's latest quarterly earnings beat analyst estimates with an EPS of $1.64 against an expectation of $1.47, although revenue decreased by 12.4% year-over-year to $81.51 billion.

Geneos Wealth Management Inc. raised its holdings in shares of Exxon Mobil Corporation (NYSE:XOM - Free Report) by 79.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,201 shares of the oil and gas company's stock after buying an additional 67,655 shares during the period. Exxon Mobil comprises 0.6% of Geneos Wealth Management Inc.'s portfolio, making the stock its 29th largest holding. Geneos Wealth Management Inc.'s holdings in Exxon Mobil were worth $18,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 10Elms LLP bought a new position in Exxon Mobil during the fourth quarter valued at $25,000. Graybill Wealth Management LTD. acquired a new stake in Exxon Mobil during the 1st quarter valued at approximately $29,000. Elequin Capital LP acquired a new position in shares of Exxon Mobil in the 1st quarter valued at $31,000. Capital A Wealth Management LLC purchased a new stake in Exxon Mobil in the 4th quarter worth $32,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Exxon Mobil by 396.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 298 shares of the oil and gas company's stock worth $35,000 after buying an additional 238 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Darrin L. Talley sold 2,158 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.45, for a total value of $238,351.10. Following the transaction, the vice president owned 13,829 shares of the company's stock, valued at approximately $1,527,413.05. This represents a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on XOM. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Exxon Mobil in a research report on Thursday, May 22nd. Melius Research assumed coverage on Exxon Mobil in a report on Wednesday, August 20th. They set a "hold" rating and a $111.00 price target for the company. UBS Group lifted their price target on Exxon Mobil from $130.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Melius initiated coverage on Exxon Mobil in a report on Wednesday, August 20th. They issued a "hold" rating and a $111.00 price target for the company. Finally, Piper Sandler boosted their price target on Exxon Mobil from $134.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $124.81.

Exxon Mobil Stock Performance

XOM traded down $0.24 during midday trading on Thursday, reaching $112.26. The company's stock had a trading volume of 11,532,749 shares, compared to its average volume of 14,239,243. The company has a fifty day simple moving average of $110.55 and a 200 day simple moving average of $109.14. The company has a current ratio of 1.25, a quick ratio of 0.88 and a debt-to-equity ratio of 0.12. Exxon Mobil Corporation has a twelve month low of $97.80 and a twelve month high of $126.34. The stock has a market cap of $478.59 billion, a P/E ratio of 15.95, a PEG ratio of 2.06 and a beta of 0.57.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its earnings results on Friday, August 1st. The oil and gas company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.47 by $0.17. The business had revenue of $81.51 billion during the quarter, compared to the consensus estimate of $79.07 billion. Exxon Mobil had a return on equity of 11.34% and a net margin of 9.17%.Exxon Mobil's revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the company earned $2.14 EPS. Research analysts expect that Exxon Mobil Corporation will post 7.43 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 15th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 15th. Exxon Mobil's dividend payout ratio is presently 56.25%.

Exxon Mobil Company Profile

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.