Journey Advisory Group LLC Trims Holdings in ExxonMobil Corporation $XOM

Journey Advisory Group LLC trimmed its position in ExxonMobil Corporation (NYSE:XOMFree Report) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,274 shares of the oil and gas company’s stock after selling 3,520 shares during the quarter. Journey Advisory Group LLC’s holdings in ExxonMobil were worth $5,797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MOKAN Wealth Management Inc. increased its holdings in ExxonMobil by 1.3% in the 4th quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company’s stock worth $711,000 after acquiring an additional 77 shares in the last quarter. Capstone Wealth Management LLC increased its holdings in ExxonMobil by 3.1% in the 4th quarter. Capstone Wealth Management LLC now owns 2,606 shares of the oil and gas company’s stock worth $314,000 after acquiring an additional 79 shares in the last quarter. Sunburst Financial Group LLC grew its holdings in ExxonMobil by 2.3% during the 4th quarter. Sunburst Financial Group LLC now owns 3,526 shares of the oil and gas company’s stock valued at $424,000 after buying an additional 80 shares in the last quarter. Norris Perne & French LLP MI grew its holdings in ExxonMobil by 1.0% during the 4th quarter. Norris Perne & French LLP MI now owns 8,066 shares of the oil and gas company’s stock valued at $971,000 after buying an additional 80 shares in the last quarter. Finally, FRG Family Wealth Advisors LLC grew its holdings in ExxonMobil by 0.7% during the 4th quarter. FRG Family Wealth Advisors LLC now owns 11,479 shares of the oil and gas company’s stock valued at $1,381,000 after buying an additional 84 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on XOM. Sanford C. Bernstein cut their price objective on shares of ExxonMobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. UBS Group reaffirmed a “buy” rating and set a $171.00 price objective on shares of ExxonMobil in a report on Monday, February 2nd. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Zacks Research raised shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Barclays increased their price objective on shares of ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $161.55.

Get Our Latest Research Report on XOM

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

Insider Activity at ExxonMobil

In other news, VP Darrin L. Talley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total transaction of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at approximately $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is currently owned by corporate insiders.

ExxonMobil Stock Up 0.7%

NYSE XOM opened at $149.46 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The company has a market capitalization of $621.24 billion, a P/E ratio of 22.34, a P/E/G ratio of 0.75 and a beta of 0.29. ExxonMobil Corporation has a one year low of $101.18 and a one year high of $176.41. The stock has a 50 day moving average price of $154.73 and a 200-day moving average price of $133.49.

ExxonMobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. As a group, equities analysts predict that ExxonMobil Corporation will post 9.94 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Thursday, February 12th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, February 12th. ExxonMobil’s dividend payout ratio is currently 61.58%.

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.

See Also

Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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