Hopwood Financial Services Inc. Decreases Position in ExxonMobil Corporation $XOM

Hopwood Financial Services Inc. lowered its position in ExxonMobil Corporation (NYSE:XOMFree Report) by 15.3% in the first quarter, HoldingsChannel.com reports. The fund owned 38,499 shares of the oil and gas company’s stock after selling 6,958 shares during the quarter. ExxonMobil comprises 4.4% of Hopwood Financial Services Inc.’s portfolio, making the stock its 7th biggest position. Hopwood Financial Services Inc.’s holdings in ExxonMobil were worth $6,532,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of XOM. Berbice Capital Management LLC acquired a new stake in ExxonMobil during the 4th quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new position in ExxonMobil in the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of 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 worth $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC acquired a new stake in shares of ExxonMobil in the fourth quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil in the fourth quarter valued at $32,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Wall Street Analyst Weigh In

XOM has been the topic of several research reports. Jefferies Financial Group upped their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. DZ Bank upgraded shares of ExxonMobil to a “strong-buy” rating in a research report on Monday, July 6th. Barclays increased their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Sanford C. Bernstein dropped their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $163.25.

Read Our Latest Research Report on ExxonMobil

ExxonMobil Price Performance

Shares of XOM stock opened at $156.86 on Friday. The firm has a market cap of $650.17 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 0.64 and a beta of 0.17. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41. 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 stock has a 50-day moving average price of $145.93 and a 200 day moving average price of $147.38.

ExxonMobil (NYSE:XOMGet Free Report) last released its earnings results 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 company had revenue of $83.16 billion for 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 company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 EPS. Research analysts expect that ExxonMobil Corporation will post 11.28 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

ExxonMobil Company 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.

Featured Articles

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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