Stokes Capital Advisors LLC Buys 31,055 Shares of ExxonMobil Corporation $XOM

Stokes Capital Advisors LLC lifted its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 179.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 48,363 shares of the oil and gas company’s stock after buying an additional 31,055 shares during the quarter. ExxonMobil comprises about 1.8% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Stokes Capital Advisors LLC’s holdings in ExxonMobil were worth $8,205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in ExxonMobil in the 4th quarter valued at about $7,625,063,000. Franklin Resources Inc. grew its position in shares of ExxonMobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of ExxonMobil by 218.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after purchasing an additional 2,546,791 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of ExxonMobil by 18.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock worth $1,925,119,000 after purchasing an additional 2,465,410 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in ExxonMobil by 334.4% during the 4th quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock worth $368,541,000 after purchasing an additional 2,357,467 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the company a “neutral” rating in a report on Friday, April 17th. Citigroup lifted their target price on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, TD Cowen reiterated a “buy” rating on shares of ExxonMobil in a research note on Monday, June 15th. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.55.

ExxonMobil Stock Performance

ExxonMobil stock opened at $136.14 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock has a market cap of $564.28 billion, a PE ratio of 22.96, a P/E/G ratio of 0.58 and a beta of 0.16. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The business’s 50-day moving average price is $148.28 and its two-hundred day moving average price is $144.29.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 3.0%. ExxonMobil’s dividend payout ratio is presently 69.48%.

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.