Clarkston Capital Partners LLC Lowers Stock Position in ExxonMobil Corporation $XOM

Clarkston Capital Partners LLC trimmed its holdings in ExxonMobil Corporation (NYSE:XOMFree Report) by 97.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,670 shares of the oil and gas company’s stock after selling 166,556 shares during the quarter. Clarkston Capital Partners LLC’s holdings in ExxonMobil were worth $792,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Impact Partnership Wealth LLC increased its stake in ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after purchasing an additional 67 shares during the period. Cardinal Strategic Wealth Guidance raised its holdings in shares of ExxonMobil by 1.9% in the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock valued at $631,000 after buying an additional 68 shares during the last quarter. ICW Investment Advisors LLC boosted its stake in shares of ExxonMobil by 0.3% during the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after buying an additional 69 shares during the period. Swisher Financial Concepts Inc. grew its holdings in shares of ExxonMobil by 0.3% during the first quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after buying an additional 69 shares during the last quarter. Finally, Brown Shipley& Co Ltd grew its holdings in shares of ExxonMobil by 5.4% during the first quarter. Brown Shipley& Co Ltd now owns 1,336 shares of the oil and gas company’s stock worth $227,000 after buying an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Down 0.0%

ExxonMobil stock opened at $156.88 on Friday. The stock’s 50 day moving average price is $145.91 and its 200 day moving average price is $147.45. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The company has a market cap of $650.28 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 0.65 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings data 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 return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the prior year, the business posted $1.76 earnings per share. ExxonMobil’s revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict that ExxonMobil Corporation will post 11.55 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Analysts Set New Price Targets

Several research firms have commented on XOM. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Mizuho lowered their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Scotiabank boosted their target price on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Sanford C. Bernstein decreased their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.25.

Read Our Latest Stock Report on XOM

ExxonMobil Company 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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