Bleakley Financial Group LLC Raises Holdings in ExxonMobil Corporation $XOM

Bleakley Financial Group LLC grew its position in ExxonMobil Corporation (NYSE:XOM) by 17.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,931 shares of the oil and gas company’s stock after buying an additional 22,925 shares during the quarter. Bleakley Financial Group LLC’s holdings in ExxonMobil were worth $19,005,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XOM. Berbice Capital Management LLC purchased a new stake in shares of ExxonMobil during the 4th quarter worth $26,000. Midwest Capital Advisors LLC purchased a new stake in shares of ExxonMobil during the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC purchased a new stake in shares of ExxonMobil during the 4th quarter worth $28,000. Finally, Westfuller Advisors LLC purchased a new stake in shares of ExxonMobil during the 3rd quarter worth $30,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Darrin L. Talley sold 2,150 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares in the company, valued at $2,872,955.28. This trade represents a 10.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on XOM. JPMorgan Chase & Co. upped their price objective on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Barclays upped their price objective on ExxonMobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Mizuho upped their target price on ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Wells Fargo & Company upped their target price on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Finally, HSBC upped their target price on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, ExxonMobil has an average rating of “Moderate Buy” and a consensus target price of $163.95.

ExxonMobil Trading Down 0.1%

Shares of NYSE:XOM opened at $154.82 on Tuesday. The business’s 50-day moving average is $155.82 and its 200 day moving average is $139.41. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The firm has a market capitalization of $641.71 billion, a P/E ratio of 26.11, a P/E/G ratio of 0.68 and a beta of 0.19. 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 announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same period in the prior year, the company posted $1.76 EPS. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts predict that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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