Hendley & Co. Inc. Sells 6,235 Shares of ExxonMobil Corporation $XOM

Hendley & Co. Inc. decreased its position in ExxonMobil Corporation (NYSE:XOM) by 30.7% during the 4th quarter, Holdings Channel reports. The firm owned 14,067 shares of the oil and gas company’s stock after selling 6,235 shares during the quarter. Hendley & Co. Inc.’s holdings in ExxonMobil were worth $1,693,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in XOM. Peoples Bank OH boosted its position in shares of ExxonMobil by 0.5% during the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock worth $1,804,000 after acquiring an additional 71 shares in the last quarter. Paulson Wealth Management Inc. boosted its position in shares of ExxonMobil by 1.0% during the 4th quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock worth $887,000 after acquiring an additional 72 shares in the last quarter. MOKAN Wealth Management Inc. boosted its position in shares of ExxonMobil by 1.3% during the 4th quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company’s stock worth $711,000 after acquiring an additional 77 shares in the last quarter. Field & Main Bank boosted its position in shares of ExxonMobil by 0.3% during the 4th quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company’s stock worth $2,815,000 after acquiring an additional 78 shares in the last quarter. Finally, Capstone Wealth Management LLC lifted its holdings in shares of ExxonMobil by 3.1% in the 4th quarter. Capstone Wealth Management LLC now owns 2,606 shares of the oil and gas company’s stock valued at $314,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Trending Headlines about 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

ExxonMobil Stock Up 3.2%

Shares of NYSE XOM opened at $157.72 on Friday. The business has a 50-day moving average price of $155.05 and a 200 day moving average price of $137.45. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock has a market cap of $653.72 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 0.69 and a beta of 0.19. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.76 EPS. Equities research analysts forecast that ExxonMobil Corporation will post 11.5 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil’s dividend payout ratio is currently 69.48%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Piper Sandler decreased their target price on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Citigroup upped their target price on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Scotiabank upped their target price on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.95.

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at $2,662,782. This represents a 5.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

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.