MGO One Seven LLC Raises Stake in ExxonMobil Corporation $XOM

MGO One Seven LLC raised its holdings in ExxonMobil Corporation (NYSE:XOMFree Report) by 7.8% during the fourth quarter, HoldingsChannel reports. The firm owned 156,729 shares of the oil and gas company’s stock after buying an additional 11,286 shares during the period. MGO One Seven LLC’s holdings in ExxonMobil were worth $18,861,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Detalus Advisors LLC boosted its stake in shares of ExxonMobil by 4.2% during the fourth quarter. Detalus Advisors LLC now owns 4,576 shares of the oil and gas company’s stock worth $551,000 after buying an additional 183 shares during the period. Kassira Wealth Management LLC increased its position in ExxonMobil by 2.4% in the 4th quarter. Kassira Wealth Management LLC now owns 37,943 shares of the oil and gas company’s stock valued at $4,566,000 after acquiring an additional 874 shares during the period. CORDA Investment Management LLC. increased its position in ExxonMobil by 85.1% in the 4th quarter. CORDA Investment Management LLC. now owns 82,473 shares of the oil and gas company’s stock valued at $9,925,000 after acquiring an additional 37,923 shares during the period. Black Diamond Financial LLC raised its stake in ExxonMobil by 3.4% during the 4th quarter. Black Diamond Financial LLC now owns 6,364 shares of the oil and gas company’s stock valued at $766,000 after acquiring an additional 211 shares during the last quarter. Finally, Maple Capital Management Inc. lifted its position in ExxonMobil by 4.3% during the 4th quarter. Maple Capital Management Inc. now owns 14,167 shares of the oil and gas company’s stock worth $1,705,000 after acquiring an additional 578 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

NYSE XOM opened at $146.47 on Friday. The stock has a market capitalization of $607.11 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 0.65 and a beta of 0.19. The business’s 50 day moving average is $155.04 and its two-hundred day moving average is $136.06. 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 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the business earned $1.76 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Research analysts expect that ExxonMobil Corporation will post 11.44 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

Insider Activity at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 6,460 shares of company stock worth $989,104. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on XOM. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExxonMobil in a research note on Friday, April 10th. Piper Sandler decreased their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group lifted their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Morgan Stanley dropped their price objective 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. Finally, Loop Capital set a $123.00 price objective on shares of ExxonMobil in a research report on Tuesday, February 3rd. One 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.70.

Check Out Our Latest Report on ExxonMobil

About ExxonMobil

(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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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