LS Investment Advisors LLC Sells 3,960 Shares of ExxonMobil Corporation $XOM

LS Investment Advisors LLC lowered its holdings in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 19.0% in the fourth quarter, HoldingsChannel reports. The firm owned 16,851 shares of the oil and gas company’s stock after selling 3,960 shares during the period. LS Investment Advisors LLC’s holdings in ExxonMobil were worth $2,028,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Westfuller Advisors LLC bought a new position in ExxonMobil in the 3rd quarter valued at about $30,000. Clayton Financial Group LLC acquired a new position in ExxonMobil in the 3rd quarter valued at $40,000. TruNorth Capital Management LLC increased its holdings in ExxonMobil by 1,595.2% in the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 335 shares during the period. Halbert Hargrove Global Advisors LLC increased its holdings in ExxonMobil by 95.8% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 181 shares during the period. Finally, Marquette Asset Management LLC boosted its holdings in shares of ExxonMobil by 307.0% in the 3rd quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 307 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Activity

In other news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company’s stock, 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 SEC, which is available at this hyperlink. Insiders have sold 11,460 shares of company stock valued at $1,687,854 over the last three months. Corporate insiders own 0.03% of the company’s stock.

ExxonMobil Price Performance

Shares of ExxonMobil stock opened at $146.50 on Friday. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $154.99 and its 200-day moving average price is $132.73. The firm has a market capitalization of $608.95 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 0.87 and a beta of 0.29.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. ExxonMobil’s revenue was down 1.3% on a year-over-year basis. Sell-side analysts forecast that ExxonMobil Corporation will post 7.43 EPS for the current fiscal year.

ExxonMobil Announces Dividend

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

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Analyst Ratings Changes

Several research analysts have recently issued reports on XOM shares. Barclays upped their price target on shares of ExxonMobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. TD Cowen decreased their price objective on shares of ExxonMobil from $175.00 to $172.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Wolfe Research cut their target price on ExxonMobil from $158.00 to $153.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 8th. Wells Fargo & Company boosted their target price on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Finally, UBS Group reissued a “buy” rating and issued a $171.00 price target on shares of ExxonMobil in a research report on Monday, February 2nd. 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 company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.15.

Check Out Our Latest Stock Report on XOM

ExxonMobil Company 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.

Further Reading

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOMFree Report).

Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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