Rossmore Private Capital Lowers Stock Holdings in ExxonMobil Corporation $XOM

Rossmore Private Capital cut its stake in ExxonMobil Corporation (NYSE:XOM) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 530,457 shares of the oil and gas company’s stock after selling 6,855 shares during the period. ExxonMobil comprises approximately 7.9% of Rossmore Private Capital’s holdings, making the stock its largest holding. Rossmore Private Capital’s holdings in ExxonMobil were worth $89,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of XOM. Markel Group Inc. grew its position in ExxonMobil by 23.7% in the first quarter. Markel Group Inc. now owns 47,000 shares of the oil and gas company’s stock valued at $7,974,000 after acquiring an additional 9,000 shares during the period. Signature Resources Capital Management LLC raised its stake in ExxonMobil by 1.6% during the first quarter. Signature Resources Capital Management LLC now owns 4,469 shares of the oil and gas company’s stock worth $758,000 after acquiring an additional 72 shares in the last quarter. Summit Financial Strategies Inc. lifted its holdings in shares of ExxonMobil by 1.7% during the first quarter. Summit Financial Strategies Inc. now owns 12,257 shares of the oil and gas company’s stock valued at $2,080,000 after acquiring an additional 206 shares during the period. U S Global Investors Inc. boosted its stake in shares of ExxonMobil by 29.6% in the 1st quarter. U S Global Investors Inc. now owns 17,500 shares of the oil and gas company’s stock valued at $2,969,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of ExxonMobil in the 1st quarter valued at $53,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Down 0.4%

Shares of NYSE XOM opened at $144.50 on Thursday. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The firm’s 50-day simple moving average is $145.73 and its 200 day simple moving average is $146.11. 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 company has a market cap of $598.95 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 0.59 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter last year, the company posted $1.76 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts expect that ExxonMobil Corporation will post 11.48 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Mizuho dropped their target price on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. TD Cowen reduced their price target on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. UBS Group upped their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Finally, Scotiabank boosted their target price on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus price target of $164.45.

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.