IFP Advisors Inc Has $18.65 Million Holdings in ExxonMobil Corporation $XOM

IFP Advisors Inc cut its position in ExxonMobil Corporation (NYSE:XOMFree Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,940 shares of the oil and gas company’s stock after selling 4,361 shares during the quarter. IFP Advisors Inc’s holdings in ExxonMobil were worth $18,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new stake in ExxonMobil in the 4th quarter worth $26,000. Midwest Capital Advisors LLC bought a new position in ExxonMobil during the 4th quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC bought a new position in ExxonMobil during the 4th quarter valued at about $28,000. Finally, Westfuller Advisors LLC bought a new position in ExxonMobil during the 3rd quarter valued at about $30,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. The trade was a 5.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by corporate insiders.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Trading Up 1.4%

Shares of NYSE XOM opened at $162.71 on Wednesday. ExxonMobil Corporation has a 1-year low of $101.18 and a 1-year high of $176.41. The company has a market cap of $674.42 billion, a PE ratio of 27.44, a P/E/G ratio of 0.70 and a beta of 0.19. 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 company has a 50-day moving average of $155.46 and a two-hundred day moving average of $138.25.

ExxonMobil (NYSE:XOMGet Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts expect that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.5%. ExxonMobil’s payout ratio is currently 69.48%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen cut their price target on shares of ExxonMobil from $175.00 to $172.00 and set a “buy” rating for the company in a report on Friday, April 10th. Jefferies Financial Group lifted their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. lifted their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Piper Sandler cut their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Barclays lifted their price target on shares of ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average target price of $163.95.

Check Out Our Latest Stock Report on XOM

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 Stories

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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