ExxonMobil Corporation $XOM Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 463,041 shares of the oil and gas company’s stock after purchasing an additional 32,469 shares during the period. Wealthfront Advisers LLC’s holdings in ExxonMobil were worth $55,722,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Northern Trust Corp raised its position in shares of ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after purchasing an additional 445,283 shares during the last quarter. Franklin Resources Inc. raised its position in shares of ExxonMobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. Capital Research Global Investors raised its holdings in ExxonMobil by 0.4% in the 3rd quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company’s stock valued at $3,790,773,000 after acquiring an additional 127,466 shares during the last quarter. Fisher Asset Management LLC raised its holdings in ExxonMobil by 1.1% in the 3rd quarter. Fisher Asset Management LLC now owns 31,194,493 shares of the oil and gas company’s stock valued at $3,517,179,000 after acquiring an additional 340,785 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in ExxonMobil by 4.5% in the 3rd quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company’s stock valued at $2,299,687,000 after acquiring an additional 886,087 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Down 0.1%

Shares of ExxonMobil stock opened at $154.53 on Friday. The company has a fifty day moving average price of $154.98 and a 200 day moving average price of $134.93. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month high of $176.41. The stock has a market cap of $642.29 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 0.70 and a beta of 0.29.

ExxonMobil (NYSE:XOMGet Free Report) last posted its quarterly earnings data on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.08. The company had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.67 EPS. Equities research analysts forecast that ExxonMobil Corporation will post 11.18 earnings per share for the current fiscal year.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 5,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $139.75, for a total value of $698,750.00. Following the completion of the transaction, the vice president directly owned 23,584 shares of the company’s stock, valued at $3,295,864. This represents a 17.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 11,460 shares of company stock valued at $1,687,854. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on XOM. Wolfe Research downgraded ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Sanford C. Bernstein cut their price target on ExxonMobil from $142.00 to $137.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Piper Sandler cut their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Wells Fargo & Company boosted their price target on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. boosted their price target on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.55.

Read Our Latest Stock Report on ExxonMobil

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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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