ExxonMobil Corporation $XOM Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 617,144 shares of the oil and gas company’s stock after selling 43,595 shares during the quarter. Pzena Investment Management LLC’s holdings in ExxonMobil were worth $104,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kropog Financial Group LLC purchased a new position in ExxonMobil in the 1st quarter valued at $204,000. NavPoint Financial Inc. raised its position in ExxonMobil by 5.6% during the 1st quarter. NavPoint Financial Inc. now owns 8,758 shares of the oil and gas company’s stock worth $1,486,000 after buying an additional 461 shares during the last quarter. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of ExxonMobil in the 1st quarter worth $253,000. TSG Advice Partners LLC lifted its stake in shares of ExxonMobil by 16.1% in the 1st quarter. TSG Advice Partners LLC now owns 5,434 shares of the oil and gas company’s stock worth $922,000 after acquiring an additional 754 shares during the period. Finally, Smithbridge Asset Management Inc. DE boosted its holdings in shares of ExxonMobil by 43.8% in the first quarter. Smithbridge Asset Management Inc. DE now owns 6,615 shares of the oil and gas company’s stock valued at $1,122,000 after acquiring an additional 2,014 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Price Performance

NYSE:XOM traded up $3.92 during mid-day trading on Tuesday, hitting $140.35. 1,259,326 shares of the company’s stock traded hands, compared to its average volume of 20,213,465. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market cap of $581.76 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17. The firm’s 50 day simple moving average is $147.37 and its 200 day simple moving average is $144.79. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 earnings per share. Sell-side analysts expect that ExxonMobil Corporation will post 11.9 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. ExxonMobil’s dividend payout ratio is presently 69.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on XOM. Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. UBS Group lifted their price objective on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Scotiabank lifted their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, Barclays raised their price target on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, ExxonMobil currently has an average rating of “Moderate Buy” and an average target price of $164.70.

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.