VCI Wealth Management LLC Boosts Holdings in ExxonMobil Corporation $XOM

VCI Wealth Management LLC grew its position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 52.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,036 shares of the oil and gas company’s stock after purchasing an additional 9,656 shares during the period. ExxonMobil makes up about 0.9% of VCI Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position. VCI Wealth Management LLC’s holdings in ExxonMobil were worth $3,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Maryland State Retirement & Pension System increased its stake in shares of ExxonMobil by 2.6% in the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock worth $24,342,000 after buying an additional 5,573 shares during the last quarter. Capital Investment Advisors LLC increased its stake in shares of ExxonMobil by 6.6% in the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after buying an additional 14,233 shares during the last quarter. New Age Alpha Advisors LLC increased its stake in shares of ExxonMobil by 5.6% in the third quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after buying an additional 8,853 shares during the last quarter. HORAN Wealth LLC increased its stake in shares of ExxonMobil by 78.3% in the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after buying an additional 5,788 shares during the last quarter. Finally, Krilogy Financial LLC increased its stake in shares of ExxonMobil by 46.6% in the third quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock worth $3,997,000 after buying an additional 11,177 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 5,000 shares of ExxonMobil stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold a total of 11,460 shares of company stock valued at $1,687,854 over the last three months. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on XOM. Zacks Research upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Barclays lifted their price target on shares of ExxonMobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Morgan Stanley dropped their price target on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Sanford C. Bernstein dropped their price target on shares of ExxonMobil from $142.00 to $137.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Citigroup lifted their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $161.55.

Check Out Our Latest Stock Analysis on ExxonMobil

ExxonMobil Stock Performance

ExxonMobil stock opened at $149.46 on Thursday. The company has a market cap of $621.24 billion, a PE ratio of 22.34, a P/E/G ratio of 0.75 and a beta of 0.29. The company has a fifty day moving average price of $154.73 and a two-hundred day moving average price of $133.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 earnings per share. Research analysts expect that ExxonMobil Corporation will post 9.94 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Thursday, February 12th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, February 12th. ExxonMobil’s payout ratio is currently 61.58%.

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ExxonMobil Profile

(Free Report)

ExxonMobil Corporation (NYSE: XOM) is an integrated oil and gas company engaged in the exploration, production, refining, distribution and marketing of petroleum products and the manufacture and sale of petrochemicals. Its operations span the full energy value chain, including upstream exploration and development of crude oil and natural gas; midstream transportation and storage; and downstream refining, product distribution and retail. The company also produces a broad range of chemical products for industrial and consumer applications.

ExxonMobil markets fuels and lubricants under well-known brands such as Exxon, Mobil and Esso, and its Mobil 1 motor oil is a prominent consumer product.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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