Mutual Advisors LLC Has $12.48 Million Stake in ExxonMobil Corporation $XOM

Mutual Advisors LLC decreased its position in ExxonMobil Corporation (NYSE:XOMFree Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,669 shares of the oil and gas company’s stock after selling 6,073 shares during the quarter. Mutual Advisors LLC’s holdings in ExxonMobil were worth $12,476,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil in the fourth quarter valued at approximately $27,000. Key Capital Management INC acquired a new position in shares of ExxonMobil in the fourth quarter valued at approximately $28,000. Nvest Wealth Strategies Inc. acquired a new position in shares of ExxonMobil in the fourth quarter valued at approximately $32,000. DecisionPoint Financial LLC grew its position in shares of ExxonMobil by 968.0% in the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 242 shares during the last quarter. Finally, Westfuller Advisors LLC acquired a new position in shares of ExxonMobil in the third quarter valued at approximately $30,000. Institutional investors and hedge funds 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 the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 11,460 shares of company stock worth $1,687,854 in the last three months. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

XOM has been the topic of several research reports. Jefferies Financial Group upped their target price on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Barclays increased their price target on ExxonMobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Scotiabank increased their price target on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Wolfe Research downgraded ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Finally, Morgan Stanley reduced their price target on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.55.

View Our Latest Analysis on ExxonMobil

ExxonMobil Trading Down 0.8%

Shares of NYSE:XOM opened at $153.10 on Friday. The company has a market capitalization of $636.38 billion, a P/E ratio of 25.82, a P/E/G ratio of 0.69 and a beta of 0.19. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The business’s 50 day simple moving average is $154.98 and its 200 day simple moving average is $135.09.

ExxonMobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the business posted $1.76 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that ExxonMobil Corporation will post 11.18 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a dividend of $1.03 per share. 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 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.

See Also

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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