MSH Capital Advisors LLC lifted its stake in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,455 shares of the oil and gas company’s stock after acquiring an additional 4,048 shares during the period. ExxonMobil accounts for approximately 1.0% of MSH Capital Advisors LLC’s portfolio, making the stock its 19th biggest position. MSH Capital Advisors LLC’s holdings in ExxonMobil were worth $4,748,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Summitry LLC raised its holdings in shares of ExxonMobil by 14.7% during the 4th quarter. Summitry LLC now owns 6,065 shares of the oil and gas company’s stock worth $730,000 after acquiring an additional 778 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of ExxonMobil by 51.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 14,718 shares of the oil and gas company’s stock worth $1,771,000 after acquiring an additional 5,017 shares during the period. Fisher Asset Management LLC raised its holdings in shares of ExxonMobil by 1.0% during the 4th quarter. Fisher Asset Management LLC now owns 31,497,852 shares of the oil and gas company’s stock worth $3,790,452,000 after acquiring an additional 303,359 shares during the period. Choate Investment Advisors raised its holdings in ExxonMobil by 3.1% in the 4th quarter. Choate Investment Advisors now owns 123,399 shares of the oil and gas company’s stock valued at $14,850,000 after buying an additional 3,677 shares during the period. Finally, Sandy Cove Advisors LLC raised its holdings in ExxonMobil by 1.9% in the 4th quarter. Sandy Cove Advisors LLC now owns 11,643 shares of the oil and gas company’s stock valued at $1,401,000 after buying an additional 216 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.
ExxonMobil Stock Down 0.1%
Shares of XOM opened at $154.82 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market cap of $641.71 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 0.68 and a beta of 0.19. The company’s 50-day moving average price is $155.82 and its 200 day moving average price is $139.41. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41.
ExxonMobil Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. ExxonMobil’s dividend payout ratio is 69.48%.
Analysts Set New Price Targets
XOM has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a report on Tuesday, May 5th. Barclays boosted their price objective on shares of ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, March 16th. HSBC boosted their price objective on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a report on Friday, March 20th. Finally, Loop Capital set a $123.00 price objective on shares of ExxonMobil in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.95.
Read Our Latest Report on ExxonMobil
Insider Transactions at ExxonMobil
In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by company insiders.
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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