ExxonMobil Corporation $XOM Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lowered its stake in ExxonMobil Corporation (NYSE:XOMFree Report) by 4.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 345,146 shares of the oil and gas company’s stock after selling 16,175 shares during the quarter. ExxonMobil comprises 0.8% of J.W. Cole Advisors Inc.’s investment portfolio, making the stock its 16th biggest position. J.W. Cole Advisors Inc.’s holdings in ExxonMobil were worth $39,009,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Berbice Capital Management LLC acquired a new stake in ExxonMobil in the 4th quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil in the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC acquired a new stake in ExxonMobil during the 4th quarter worth $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in ExxonMobil during the 4th quarter worth $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price 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. TD Cowen lowered their target price on shares of ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Finally, Morgan Stanley lowered their target price on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $165.55.

Read Our Latest Report on ExxonMobil

Insider Transactions at ExxonMobil

In related 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 value of $167,940.00. Following the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. The trade was a 5.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

ExxonMobil Stock Down 0.3%

Shares of XOM opened at $152.12 on Friday. The firm has a market cap of $630.51 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 0.66 and a beta of 0.16. ExxonMobil Corporation has a 12-month low of $101.73 and a 12-month high of $176.41. The company’s 50-day moving average price is $154.22 and its 200 day moving average price is $141.21. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 EPS. On average, sell-side analysts forecast that ExxonMobil Corporation will post 11.66 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

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.

Recommended Stories

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)

Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.