May Hill Capital LLC Has $1.56 Million Holdings in ExxonMobil Corporation $XOM

May Hill Capital LLC boosted its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 117.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,966 shares of the oil and gas company’s stock after acquiring an additional 6,995 shares during the quarter. May Hill Capital LLC’s holdings in ExxonMobil were worth $1,560,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of XOM. Midwest Capital Advisors LLC purchased a new stake in shares of ExxonMobil during the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. raised 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 in the last quarter. Key Capital Management INC purchased a new stake in shares of ExxonMobil during the 4th quarter worth about $28,000. Westfuller Advisors LLC purchased a new stake in shares of ExxonMobil during the 3rd quarter worth about $30,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in shares of ExxonMobil during the 4th quarter worth about $32,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Up 3.2%

Shares of XOM stock opened at $157.72 on Friday. The stock’s 50 day simple moving average is $155.05 and its 200 day simple moving average is $137.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month high of $176.41. The company 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 (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the business earned $1.76 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, research analysts predict that ExxonMobil Corporation will post 11.5 EPS for the current year.

ExxonMobil Dividend Announcement

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 given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Key ExxonMobil News

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XOM shares. Citigroup raised their price target on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Scotiabank raised their price target on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Piper Sandler cut their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, Jefferies Financial Group raised their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus target price of $163.95.

Insider Buying and Selling

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

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.