Cary Street Partners Financial LLC Has $15.55 Million Holdings in ExxonMobil Corporation $XOM

Cary Street Partners Financial LLC raised its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 129,239 shares of the oil and gas company’s stock after acquiring an additional 4,797 shares during the quarter. Cary Street Partners Financial LLC’s holdings in ExxonMobil were worth $15,553,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in XOM. Wellington Shields & Co. LLC raised its position in shares of ExxonMobil by 13.8% in the 4th quarter. Wellington Shields & Co. LLC now owns 76,928 shares of the oil and gas company’s stock valued at $9,257,000 after acquiring an additional 9,332 shares during the period. Diversified Portfolios Inc. raised its position in shares of ExxonMobil by 11.0% in the 4th quarter. Diversified Portfolios Inc. now owns 7,032 shares of the oil and gas company’s stock valued at $846,000 after acquiring an additional 698 shares during the period. CBIZ Investment Advisory Services LLC raised its position in shares of ExxonMobil by 22.9% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 1,249 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 233 shares during the period. Allied Investment Advisors LLC raised its position in shares of ExxonMobil by 2.6% in the 4th quarter. Allied Investment Advisors LLC now owns 126,191 shares of the oil and gas company’s stock valued at $15,186,000 after acquiring an additional 3,205 shares during the period. Finally, Harbour Investments Inc. raised its position in shares of ExxonMobil by 5.8% in the 4th quarter. Harbour Investments Inc. now owns 62,049 shares of the oil and gas company’s stock valued at $7,467,000 after acquiring an additional 3,425 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Price Performance

NYSE XOM opened at $154.82 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41. The company has a market capitalization of $641.71 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 0.68 and a beta of 0.19. The firm’s 50 day moving average is $155.82 and its 200-day moving average is $139.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $81.13 billion. During the same period last year, the company earned $1.76 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

Insider Activity

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred 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 sale, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Friday, April 17th. Piper Sandler cut their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research note on Tuesday, May 5th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Finally, Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. One research 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.95.

ExxonMobil 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.