Randolph Co Inc Increases Position in ExxonMobil Corporation $XOM

Randolph Co Inc increased its stake in ExxonMobil Corporation (NYSE:XOMFree Report) by 21.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 271,480 shares of the oil and gas company’s stock after acquiring an additional 47,071 shares during the period. ExxonMobil comprises approximately 3.1% of Randolph Co Inc’s portfolio, making the stock its 14th largest position. Randolph Co Inc’s holdings in ExxonMobil were worth $32,670,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC grew its position in ExxonMobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new stake in ExxonMobil during the first quarter valued at about $305,000. Sivia Capital Partners LLC boosted its position in ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after buying an additional 207 shares during the period. United Bank boosted its position in ExxonMobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after buying an additional 600 shares during the period. Finally, Schnieders Capital Management LLC. boosted its position in ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after buying an additional 5,443 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

ExxonMobil stock opened at $152.12 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $154.22 and a 200-day moving average of $141.21. The firm has a market cap of $630.51 billion, a P/E ratio of 25.65, a P/E/G ratio of 0.66 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $101.73 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share. Sell-side analysts expect that ExxonMobil Corporation will post 11.66 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Mizuho upped their price target on shares of ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Weiss Ratings lowered shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Citigroup upped their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. HSBC upped their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Finally, BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil currently has a consensus rating of “Hold” and an average target price of $165.55.

Read Our Latest Stock Report on XOM

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

About ExxonMobil

(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)

Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.