Mitchell Capital Management Co. Takes Position in ExxonMobil Corporation $XOM

Mitchell Capital Management Co. purchased a new position in ExxonMobil Corporation (NYSE:XOMFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,874 shares of the oil and gas company’s stock, valued at approximately $2,753,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XOM. Eagle Capital Management LLC grew its position in ExxonMobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new position in ExxonMobil in the first quarter worth about $305,000. Sivia Capital Partners LLC grew its position in ExxonMobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares in the last quarter. United Bank grew its position in ExxonMobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after acquiring an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. grew its position in ExxonMobil by 17.4% in the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after acquiring an additional 5,443 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Stock Down 1.0%

Shares of NYSE XOM opened at $145.42 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The company has a market cap of $602.75 billion, a P/E ratio of 24.52, a PEG ratio of 0.63 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 firm has a 50-day simple moving average of $155.03 and a two-hundred day simple moving average of $140.15.

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

ExxonMobil Dividend Announcement

The company 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 $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were 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 of the company’s stock, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on XOM. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Loop Capital set a $123.00 price target on ExxonMobil in a research report on Tuesday, February 3rd. Mizuho lifted their price target on ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Finally, BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ExxonMobil has an average rating of “Hold” and a consensus target price of $165.55.

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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