ExxonMobil Corporation $XOM is Rossmore Private Capital’s Largest Position

Rossmore Private Capital boosted its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 537,312 shares of the oil and gas company’s stock after buying an additional 41,901 shares during the quarter. ExxonMobil accounts for about 5.7% of Rossmore Private Capital’s portfolio, making the stock its largest holding. Rossmore Private Capital’s holdings in ExxonMobil were worth $64,660,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. United Bank increased its holdings in shares of ExxonMobil by 4.1% during the 4th quarter. United Bank now owns 23,781 shares of the oil and gas company’s stock valued at $2,862,000 after purchasing an additional 926 shares in the last quarter. Leuthold Group LLC purchased a new position in shares of ExxonMobil during the 4th quarter valued at approximately $815,000. Soltis Investment Advisors LLC increased its holdings in shares of ExxonMobil by 7.6% during the 4th quarter. Soltis Investment Advisors LLC now owns 31,520 shares of the oil and gas company’s stock valued at $3,793,000 after purchasing an additional 2,231 shares in the last quarter. Kinsale Capital Group Inc. increased its holdings in shares of ExxonMobil by 3.7% during the 4th quarter. Kinsale Capital Group Inc. now owns 104,478 shares of the oil and gas company’s stock valued at $12,573,000 after purchasing an additional 3,769 shares in the last quarter. Finally, Macroview Investment Management LLC increased its holdings in shares of ExxonMobil by 6.5% during the 4th quarter. Macroview Investment Management LLC now owns 4,770 shares of the oil and gas company’s stock valued at $574,000 after purchasing an additional 290 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil 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 sale, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. The trade was a 5.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is currently owned by company insiders.

ExxonMobil Price Performance

ExxonMobil stock opened at $157.72 on Monday. The company’s fifty day moving average price is $155.05 and its 200 day moving average price is $137.61. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The stock has a market capitalization of $653.72 billion, a P/E ratio of 26.60, a P/E/G ratio of 0.69 and a beta of 0.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the previous year, the company posted $1.76 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that ExxonMobil Corporation will post 11.5 earnings per share for the current fiscal 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 paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: High oil prices are expected to support ExxonMobil’s exploration and production earnings, with stronger Permian recoveries and Guyana output helping profitability. How Will High Oil Prices Aid ExxonMobil’s Energy Business?
• Positive Sentiment: A Texas jury found ExxonMobil not liable in a long-running investor lawsuit tied to Canadian oil sands and Rocky Mountain gas disclosures, removing a legal overhang. Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
• Positive Sentiment: ExxonMobil resumed drilling in Guyana’s Canje block, which could support longer-term growth if exploration results are encouraging. Exxon resumes drilling in Guyana’s Canje block after four-year absence
• Neutral Sentiment: Bernstein cut ExxonMobil’s price target from $195 to $182, which may temper some near-term enthusiasm despite continued analyst interest. Exxon Mobil (XOM) Price Target Trimmed by $13 at Bernstein
• Negative Sentiment: Some investors are pushing back on ExxonMobil’s plan to move its incorporation from New Jersey to Texas, citing governance and shareholder-rights concerns. Exxon Mobil Texas Move Pits Shareholder Rights Against Governance Goals

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on XOM shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of ExxonMobil in a report on Friday, April 10th. Scotiabank lifted their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. TD Cowen dropped their price target 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. Mizuho lifted their price target on shares of ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Finally, BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. One equities research 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $163.95.

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.