ExxonMobil Corporation $XOM Shares Sold by Cypress Capital LLC

Cypress Capital LLC cut its position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 20.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,473 shares of the oil and gas company’s stock after selling 3,900 shares during the quarter. Cypress Capital LLC’s holdings in ExxonMobil were worth $1,862,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Northern Trust Corp grew its holdings in shares of ExxonMobil by 1.0% in the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after acquiring an additional 445,283 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of ExxonMobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after buying an additional 2,660,910 shares during the period. Capital Research Global Investors boosted its position in shares of ExxonMobil by 0.4% in the third quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company’s stock worth $3,790,773,000 after buying an additional 127,466 shares during the period. Fisher Asset Management LLC boosted its position in shares of ExxonMobil by 1.1% in the third quarter. Fisher Asset Management LLC now owns 31,194,493 shares of the oil and gas company’s stock worth $3,517,179,000 after buying an additional 340,785 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of ExxonMobil by 4.5% in the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company’s stock worth $2,299,687,000 after buying an additional 886,087 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Price Performance

XOM opened at $156.44 on Thursday. The stock has a market cap of $648.45 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 0.71 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 current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $155.58 and a 200 day moving average price of $138.55.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 earnings per share. Analysts forecast that ExxonMobil Corporation will post 11.49 EPS for the current fiscal year.

ExxonMobil Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on XOM. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Loop Capital set a $123.00 target price on ExxonMobil in a research report on Tuesday, February 3rd. Jefferies Financial Group raised their target price on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. UBS Group raised their target price on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of ExxonMobil in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average target price of $163.95.

Read Our Latest Stock Report on ExxonMobil

ExxonMobil Profile

(Free Report)

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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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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