TD Private Client Wealth LLC Trims Position in ExxonMobil Corporation $XOM

TD Private Client Wealth LLC decreased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,732 shares of the oil and gas company’s stock after selling 3,663 shares during the quarter. TD Private Client Wealth LLC’s holdings in ExxonMobil were worth $7,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CMG Global Holdings LLC grew its holdings in shares of ExxonMobil by 7.9% during the fourth quarter. CMG Global Holdings LLC now owns 18,495 shares of the oil and gas company’s stock worth $2,226,000 after purchasing an additional 1,360 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in shares of ExxonMobil by 88.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 19,881 shares of the oil and gas company’s stock worth $2,392,000 after purchasing an additional 9,324 shares in the last quarter. Mission Wealth Management LP grew its holdings in shares of ExxonMobil by 0.5% during the fourth quarter. Mission Wealth Management LP now owns 96,532 shares of the oil and gas company’s stock worth $11,617,000 after purchasing an additional 472 shares in the last quarter. Pacific Heights Asset Management LLC grew its holdings in shares of ExxonMobil by 31.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 275,000 shares of the oil and gas company’s stock worth $33,094,000 after purchasing an additional 65,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of ExxonMobil by 0.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 45,421 shares of the oil and gas company’s stock worth $5,466,000 after purchasing an additional 388 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Performance

NYSE:XOM opened at $157.72 on Monday. The business has a 50 day moving average of $155.05 and a 200 day moving average of $137.61. 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 Corporation has a 1-year low of $101.18 and a 1-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) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping 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 company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the previous year, the company posted $1.76 EPS. ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict that ExxonMobil Corporation will post 11.5 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XOM. HSBC boosted their price objective on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a report on Friday, March 20th. Sanford C. Bernstein cut their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Barclays boosted their price objective on ExxonMobil from $145.00 to $163.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. JPMorgan Chase & Co. boosted their price objective on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Finally, Morgan Stanley cut their price objective on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.95.

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

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the business’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 value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

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.