4,273 Shares in ExxonMobil Corporation $XOM Bought by Passumpsic Savings Bank
by Amy Steele · The Cerbat GemPassumpsic Savings Bank acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,273 shares of the oil and gas company’s stock, valued at approximately $514,000.
Other large investors have also modified their holdings of the company. Maryland State Retirement & Pension System lifted its stake in shares of ExxonMobil by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after buying an additional 5,573 shares in the last quarter. Capital Investment Advisors LLC increased its holdings in ExxonMobil by 6.6% during the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after acquiring an additional 14,233 shares during the period. New Age Alpha Advisors LLC increased its holdings in ExxonMobil by 5.6% during the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after acquiring an additional 8,853 shares during the period. HORAN Wealth LLC increased its holdings in ExxonMobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after acquiring an additional 5,788 shares during the period. Finally, Krilogy Financial LLC increased its holdings 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 worth $3,997,000 after acquiring an additional 11,177 shares during the period. 61.80% of the stock is owned by institutional investors.
Key Stories Impacting ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: High oil prices are expected to support ExxonMobil’s exploration and production earnings, with stronger Permian recoveries and Guyana output helping profitability. How Will High Oil Prices Aid ExxonMobil’s Energy Business?
- Positive Sentiment: A Texas jury found ExxonMobil not liable in a long-running investor lawsuit tied to Canadian oil sands and Rocky Mountain gas disclosures, removing a legal overhang. Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
- Positive Sentiment: ExxonMobil resumed drilling in Guyana’s Canje block, which could support longer-term growth if exploration results are encouraging. Exxon resumes drilling in Guyana’s Canje block after four-year absence
- Neutral Sentiment: Bernstein cut ExxonMobil’s price target from $195 to $182, which may temper some near-term enthusiasm despite continued analyst interest. Exxon Mobil (XOM) Price Target Trimmed by $13 at Bernstein
- Negative Sentiment: Some investors are pushing back on ExxonMobil’s plan to move its incorporation from New Jersey to Texas, citing governance and shareholder-rights concerns. Exxon Mobil Texas Move Pits Shareholder Rights Against Governance Goals
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Morgan Stanley decreased their target price on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. Citigroup upped their target price on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Sanford C. Bernstein decreased their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Piper Sandler decreased their target price on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.95.
Check Out Our Latest Stock Report on XOM
Insider Activity at ExxonMobil
In other news, VP Darrin L. Talley sold 2,150 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the transaction, the vice president owned 18,204 shares of the company’s stock, valued at $2,872,955.28. This represents a 10.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is owned by insiders.
ExxonMobil Price Performance
Shares of NYSE:XOM opened at $157.72 on Monday. The company’s fifty day moving average price is $155.05 and its 200-day moving average price is $137.61. The firm has a market capitalization of $653.72 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 0.69 and a beta of 0.19. ExxonMobil Corporation has a one year low of $101.18 and a one year high of $176.41. 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 – Get Free Report) last issued its quarterly 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. 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.76 EPS. On average, equities research analysts anticipate that ExxonMobil Corporation will post 11.5 earnings per share for the current fiscal year.
ExxonMobil Dividend Announcement
The business also recently declared 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 2.6%. ExxonMobil’s dividend payout ratio is presently 69.48%.
ExxonMobil 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.
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