Valpey Financial Services LLC Increases Position in ExxonMobil Corporation $XOM

Valpey Financial Services LLC increased its stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 12,037.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 476,400 shares of the oil and gas company’s stock after acquiring an additional 472,475 shares during the quarter. Valpey Financial Services LLC’s holdings in ExxonMobil were worth $57,330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fideuram Asset Management Ireland dac bought a new position in shares of ExxonMobil during the fourth quarter worth $8,954,000. National Pension Service boosted its position in shares of ExxonMobil by 1.2% during the fourth quarter. National Pension Service now owns 9,330,910 shares of the oil and gas company’s stock worth $1,122,882,000 after acquiring an additional 113,295 shares during the last quarter. South Street Advisors LLC boosted its position in shares of ExxonMobil by 1.3% during the fourth quarter. South Street Advisors LLC now owns 10,280 shares of the oil and gas company’s stock worth $1,237,000 after acquiring an additional 130 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of ExxonMobil during the fourth quarter worth $256,000. Finally, Linscomb Wealth Inc. boosted its position in shares of ExxonMobil by 6.3% during the fourth quarter. Linscomb Wealth Inc. now owns 399,305 shares of the oil and gas company’s stock worth $48,052,000 after acquiring an additional 23,786 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Analyst Ratings Changes

XOM has been the subject of a number of research reports. Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Loop Capital set a $123.00 target price on shares of ExxonMobil in a research report on Tuesday, February 3rd. HSBC upped their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research report on Friday, March 20th. Citigroup upped their target price on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Finally, BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $165.55.

Check Out Our Latest Stock Report on ExxonMobil

ExxonMobil Price Performance

XOM stock opened at $147.37 on Friday. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $155.28 and a two-hundred day simple moving average of $140.11. The firm has a market capitalization of $610.86 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 0.65 and a beta of 0.19.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating 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 business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same quarter last year, the business earned $1.76 earnings per share. ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. 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. Shareholders of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 2,150 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total transaction of $339,313.00. Following the completion of the transaction, the vice president owned 18,204 shares in the company, valued at $2,872,955.28. This trade represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by company insiders.

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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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