Prudent Investors Network Inc. Has $1.46 Million Holdings in ExxonMobil Corporation $XOM

Prudent Investors Network Inc. grew its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 87.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,092 shares of the oil and gas company’s stock after purchasing an additional 5,626 shares during the period. ExxonMobil comprises 0.3% of Prudent Investors Network Inc.’s holdings, making the stock its 22nd largest holding. Prudent Investors Network Inc.’s holdings in ExxonMobil were worth $1,455,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Commerzbank Aktiengesellschaft FI grew its position in shares of ExxonMobil by 1.2% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 706,971 shares of the oil and gas company’s stock worth $85,077,000 after purchasing an additional 8,058 shares in the last quarter. HFM Investment Advisors LLC grew its position in shares of ExxonMobil by 4.1% during the 4th quarter. HFM Investment Advisors LLC now owns 4,384 shares of the oil and gas company’s stock worth $528,000 after purchasing an additional 173 shares in the last quarter. Kapstone Financial Advisors LLC grew its position in shares of ExxonMobil by 11.3% during the 4th quarter. Kapstone Financial Advisors LLC now owns 11,916 shares of the oil and gas company’s stock worth $1,434,000 after purchasing an additional 1,210 shares in the last quarter. IMG Wealth Management Inc. grew its position in shares of ExxonMobil by 6.7% during the 4th quarter. IMG Wealth Management Inc. now owns 3,213 shares of the oil and gas company’s stock worth $387,000 after purchasing an additional 202 shares in the last quarter. Finally, Clarendon Private LLC boosted its position in shares of ExxonMobil by 7.1% during the 4th quarter. Clarendon Private LLC now owns 10,940 shares of the oil and gas company’s stock worth $1,317,000 after acquiring an additional 724 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the firm’s 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 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is owned by corporate insiders.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $157.72 on Friday. ExxonMobil Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The firm has a market capitalization of $653.72 billion, a P/E ratio of 26.60, a P/E/G ratio of 0.67 and a beta of 0.19. The company’s 50 day moving average price is $155.05 and its two-hundred day moving average price is $137.45.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share 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 firm had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same quarter last year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts forecast that ExxonMobil Corporation will post 11.5 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $1.03 dividend. The ex-dividend date is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

Wall Street Analysts Forecast Growth

XOM has been the subject of several research analyst reports. Mizuho boosted their price objective on shares of ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Citigroup raised their target price on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Jefferies Financial Group boosted their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 price objective on shares of ExxonMobil in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and an average price target of $163.95.

Trending Headlines about ExxonMobil

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

About ExxonMobil

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.