Radnor Capital Management LLC Cuts Stock Holdings in ExxonMobil Corporation $XOM

Radnor Capital Management LLC lowered its stake in ExxonMobil Corporation (NYSE:XOM) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,987 shares of the oil and gas company’s stock after selling 3,650 shares during the period. ExxonMobil makes up approximately 2.7% of Radnor Capital Management LLC’s holdings, making the stock its 4th biggest position. Radnor Capital Management LLC’s holdings in ExxonMobil were worth $17,929,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil in the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC bought a new position in shares of ExxonMobil in the fourth quarter valued at approximately $28,000. Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil in the fourth quarter worth $32,000. Finally, DecisionPoint Financial LLC boosted its holdings in shares of ExxonMobil by 968.0% during the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock worth $32,000 after buying an additional 242 shares during the period. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XOM. Barclays raised their target price on shares of ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Mizuho raised their price target on ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. TD Cowen cut their price objective on ExxonMobil from $175.00 to $172.00 and set a “buy” rating for the company in a research report on Friday, April 10th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $155.00 target price on shares of ExxonMobil in a report on Wednesday, February 4th. Finally, Bank of America upped their price target on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.95.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is benefiting from stronger crude prices, which improve upstream profitability and boost investor sentiment toward the stock. ExxonMobil Stock Analysis: Buy or Sell?
• Positive Sentiment: The company’s strong first-quarter results and analyst attention are keeping momentum in the shares, suggesting the latest move is supported by earnings strength rather than only short-term trading. Exxon Mobil (XOM) Valuation Check As Legal Win And Strong Q1 Meet Rising Crude Prices
• Positive Sentiment: A Texas jury clearing ExxonMobil of investor fraud claims removes a major legal overhang and may improve the market’s view of risk around the stock. Exxon Mobil (XOM) Valuation Check As Legal Win And Strong Q1 Meet Rising Crude Prices
• Neutral Sentiment: ExxonMobil is also drawing increased investor and analyst attention, but these reports do not add new business developments by themselves. Exxon Mobil Corporation (XOM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Proxy adviser opposition to Exxon’s move to Texas could create governance controversy and keep some pressure on the stock if the issue escalates. Opinion | The Proxy Advisers Strike Back

Insiders Place Their Bets

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 corporate insiders.

ExxonMobil Trading Up 1.4%

Shares of XOM opened at $160.20 on Tuesday. The stock’s 50-day moving average price is $155.23 and its 200 day moving average price is $137.92. 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 firm has a market capitalization of $664.01 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 0.69 and a beta of 0.19. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.76 EPS. As a group, research analysts predict that ExxonMobil Corporation will post 11.5 earnings per share 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 paid a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s payout ratio is currently 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.