Banque Cantonale Vaudoise Cuts Position in ExxonMobil Corporation $XOM

Banque Cantonale Vaudoise lowered its stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 7.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 80,647 shares of the oil and gas company’s stock after selling 6,425 shares during the period. Banque Cantonale Vaudoise’s holdings in ExxonMobil were worth $9,705,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in XOM. Hardy Reed LLC increased its position in shares of ExxonMobil by 2.7% in the fourth quarter. Hardy Reed LLC now owns 24,831 shares of the oil and gas company’s stock valued at $2,988,000 after buying an additional 661 shares in the last quarter. Jag Capital Management LLC lifted its holdings in shares of ExxonMobil by 14.6% in the fourth quarter. Jag Capital Management LLC now owns 2,228 shares of the oil and gas company’s stock valued at $268,000 after purchasing an additional 284 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of ExxonMobil by 10.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 18,433 shares of the oil and gas company’s stock worth $2,218,000 after purchasing an additional 1,769 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in ExxonMobil in the 4th quarter valued at approximately $26,000. Finally, Muirfield Wealth Advisors LLC purchased a new position in ExxonMobil during the fourth quarter worth $227,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on XOM shares. Piper Sandler reduced their target price on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. BMO Capital Markets reissued a “market perform” rating and set a $155.00 price objective on shares of ExxonMobil in a research note on Wednesday, February 4th. Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. upped their target price on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.95.

Read Our Latest Research Report on XOM

ExxonMobil Stock Up 1.4%

Shares of NYSE:XOM opened at $162.71 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41. The company has a fifty day simple moving average of $155.46 and a 200 day simple moving average of $138.25. The firm has a market cap of $674.42 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 0.70 and a beta of 0.19.

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 for the quarter, beating the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion during 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 quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 earnings per share. On average, equities research analysts anticipate that ExxonMobil Corporation will post 11.49 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

About ExxonMobil

(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.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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