Smith Chas P & Associates PA Cpas Has $2.65 Million Stock Position in ExxonMobil Corporation $XOM

Smith Chas P & Associates PA Cpas lifted its position in ExxonMobil Corporation (NYSE:XOM) by 24.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,017 shares of the oil and gas company’s stock after buying an additional 4,273 shares during the quarter. Smith Chas P & Associates PA Cpas’ holdings in ExxonMobil were worth $2,650,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Investment Advisors LLC lifted its stake in shares of ExxonMobil by 6.6% in the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after buying an additional 14,233 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in shares of ExxonMobil by 5.6% in the third quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after buying an additional 8,853 shares during the last quarter. HORAN Wealth LLC lifted its stake in shares of ExxonMobil by 78.3% in the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after buying an additional 5,788 shares during the last quarter. Krilogy Financial LLC raised its stake in ExxonMobil by 46.6% during the 3rd quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock valued at $3,997,000 after purchasing an additional 11,177 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co raised its stake in ExxonMobil by 8.6% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 655,303 shares of the oil and gas company’s stock valued at $73,885,000 after purchasing an additional 51,900 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group upped their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Loop Capital set a $123.00 target price on shares of ExxonMobil in a research note on Tuesday, February 3rd. Jefferies Financial Group upped their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. BMO Capital Markets reiterated a “market perform” rating and set a $155.00 target price on shares of ExxonMobil in a research note on Wednesday, February 4th. Finally, Morgan Stanley cut their target price on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $165.55.

ExxonMobil Trading Down 1.3%

Shares of ExxonMobil stock opened at $147.80 on Thursday. The firm has a market capitalization of $612.63 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 0.65 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. The company’s fifty day moving average price is $155.51 and its two-hundred day moving average price is $139.90. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly 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. The firm 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%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS. On average, analysts expect that ExxonMobil Corporation will post 11.49 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil shareholders approved the company’s plan to reincorporate in Texas, which could give XOM a more corporate-friendly legal setup and greater strategic flexibility. Reuters: Exxon wins shareholder backing for legal move to Texas
• Positive Sentiment: The Texas move also signals strong shareholder support for management’s agenda, reinforcing ExxonMobil’s focus on operational and legal advantages that may help long-term shareholder value. Yahoo Finance: ExxonMobil wins decisive backing to move corporate domicile to Texas
• Positive Sentiment: Exxon is also pursuing growth opportunities abroad, including seeking Guyana regulatory clearance for its ninth Stabroek development, which could add to future production if approved. Zacks: ExxonMobil Seeks Guyana EPA Clearance for Ninth Stabroek Development
• Neutral Sentiment: Reuters reported Occidental Petroleum is taking a 10% stake in Exxon’s deepwater Trinidad and Tobago block, which may support project economics but is not likely to move the stock on its own. Reuters: Occidental takes 10% stake in Exxon deepwater block offshore Trinidad, sources say
• Negative Sentiment: Energy stocks fell broadly as oil prices weakened, and that sector-wide decline is pressuring ExxonMobil shares despite the company-specific positives. Yahoo Finance: Sector Update: Energy Stocks Fall Late Afternoon
• Negative Sentiment: Investor caution also rose after reports that U.S.-Iran talks were “proceeding nicely,” which eased fears of supply disruption and pushed oil lower, a headwind for XOM. Stocktwits: USO, UCO, BATL, XOM Slip…

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. The trade was a 5.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

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.