Welch Group LLC Sells 23,963 Shares of ExxonMobil Corporation $XOM

Welch Group LLC decreased its position in ExxonMobil Corporation (NYSE:XOM) by 4.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 524,383 shares of the oil and gas company’s stock after selling 23,963 shares during the period. ExxonMobil comprises 3.3% of Welch Group LLC’s portfolio, making the stock its 4th biggest position. Welch Group LLC’s holdings in ExxonMobil were worth $88,967,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil in the fourth quarter worth $26,000. Midwest Capital Advisors LLC bought a new position in ExxonMobil in the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. grew its position in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares in the last quarter. Key Capital Management INC acquired a new stake in ExxonMobil in the 4th quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in ExxonMobil in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of XOM stock opened at $136.14 on Tuesday. The company has a fifty day moving average price of $148.28 and a two-hundred day moving average price of $144.29. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. The stock has a market cap of $564.28 billion, a P/E ratio of 22.96, a P/E/G ratio of 0.58 and a beta of 0.16. 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:XOM) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion for 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 EPS. As a group, equities analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Analyst Ratings Changes

A number of research firms have recently commented on XOM. Piper Sandler reduced their price objective on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Wolfe Research downgraded ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Scotiabank upped their target price on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Finally, Citigroup raised their price target on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, ExxonMobil currently has an average rating of “Moderate Buy” and an average target price of $165.55.

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.