Sound Portfolio Advisors LLC purchased a new position in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,258 shares of the oil and gas company’s stock, valued at approximately $753,000. ExxonMobil comprises about 0.6% of Sound Portfolio Advisors LLC’s holdings, making the stock its 16th largest holding.
Other institutional investors and hedge funds have also modified their holdings of the company. Midwest Capital Advisors LLC bought a new stake in shares of ExxonMobil during the fourth quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the last quarter. Key Capital Management INC bought a new stake in shares of ExxonMobil during the fourth quarter worth approximately $28,000. Nvest Wealth Strategies Inc. bought a new stake in shares of ExxonMobil during the fourth quarter worth approximately $32,000. Finally, DecisionPoint Financial LLC raised its stake in shares of ExxonMobil by 968.0% during the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock worth $32,000 after buying an additional 242 shares during the last quarter. 61.80% of the stock is owned by institutional investors.
Analyst Ratings Changes
XOM has been the subject of a number of recent research reports. BMO Capital Markets reissued a “market perform” rating and set a $155.00 price target on shares of ExxonMobil in a research note on Wednesday, February 4th. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of ExxonMobil in a research note on Friday, April 10th. Mizuho boosted their price target on shares of ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Finally, Piper Sandler lowered their target price on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, ExxonMobil currently has an average rating of “Moderate Buy” and a consensus target price of $163.95.
Insider Buying and Selling at ExxonMobil
In other news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president owned 18,204 shares in the company, valued at $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by company insiders.
ExxonMobil Stock Up 3.2%
Shares of NYSE:XOM opened at $157.72 on Friday. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market capitalization of $653.72 billion, a PE ratio of 26.60, a PEG ratio of 0.67 and a beta of 0.19. The company has a 50 day moving average price of $155.05 and a two-hundred day moving average price of $137.45.
ExxonMobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts forecast that ExxonMobil Corporation will post 11.5 earnings per share for the current year.
ExxonMobil Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.
Key Headlines Impacting ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: High oil prices are expected to support ExxonMobil’s exploration and production earnings, with stronger Permian recoveries and Guyana output helping profitability. How Will High Oil Prices Aid ExxonMobil’s Energy Business?
- Positive Sentiment: A Texas jury found ExxonMobil not liable in a long-running investor lawsuit tied to Canadian oil sands and Rocky Mountain gas disclosures, removing a legal overhang. Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
- Positive Sentiment: ExxonMobil resumed drilling in Guyana’s Canje block, which could support longer-term growth if exploration results are encouraging. Exxon resumes drilling in Guyana’s Canje block after four-year absence
- Neutral Sentiment: Bernstein cut ExxonMobil’s price target from $195 to $182, which may temper some near-term enthusiasm despite continued analyst interest. Exxon Mobil (XOM) Price Target Trimmed by $13 at Bernstein
- Negative Sentiment: Some investors are pushing back on ExxonMobil’s plan to move its incorporation from New Jersey to Texas, citing governance and shareholder-rights concerns. Exxon Mobil Texas Move Pits Shareholder Rights Against Governance Goals
ExxonMobil Company Profile
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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