Millennium Capital Advisors LLC Acquires New Shares in ExxonMobil Corporation $XOM

Millennium Capital Advisors LLC acquired a new stake in ExxonMobil Corporation (NYSE:XOM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,527 shares of the oil and gas company’s stock, valued at approximately $1,267,000. ExxonMobil makes up approximately 0.7% of Millennium Capital Advisors LLC’s holdings, making the stock its 29th largest position.

Other large investors have also made changes to their positions in the company. Midwest Capital Advisors LLC bought a new stake in shares of ExxonMobil in the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of ExxonMobil by 456.1% in 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 buying an additional 187 shares in the last quarter. Key Capital Management INC bought a new stake in shares of ExxonMobil in the 4th quarter valued at $28,000. Nvest Wealth Strategies Inc. bought a new stake in shares of ExxonMobil in the 4th quarter valued at $32,000. Finally, DecisionPoint Financial LLC increased its position in shares of ExxonMobil by 968.0% in the 4th quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 242 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Friday, April 17th. Morgan Stanley lowered their price objective on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Sanford C. Bernstein lowered 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. Loop Capital set a $123.00 target price on ExxonMobil in a report on Tuesday, February 3rd. Finally, Mizuho increased their target price on ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and an average target price of $163.95.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: High oil prices are expected to support ExxonMobil’s exploration and production earnings, with stronger Permian recoveries and Guyana output helping profitability. How Will High Oil Prices Aid ExxonMobil’s Energy Business?
• Positive Sentiment: A Texas jury found ExxonMobil not liable in a long-running investor lawsuit tied to Canadian oil sands and Rocky Mountain gas disclosures, removing a legal overhang. Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
• Positive Sentiment: ExxonMobil resumed drilling in Guyana’s Canje block, which could support longer-term growth if exploration results are encouraging. Exxon resumes drilling in Guyana’s Canje block after four-year absence
• Neutral Sentiment: Bernstein cut ExxonMobil’s price target from $195 to $182, which may temper some near-term enthusiasm despite continued analyst interest. Exxon Mobil (XOM) Price Target Trimmed by $13 at Bernstein
• Negative Sentiment: Some investors are pushing back on ExxonMobil’s plan to move its incorporation from New Jersey to Texas, citing governance and shareholder-rights concerns. Exxon Mobil Texas Move Pits Shareholder Rights Against Governance Goals

ExxonMobil Price Performance

XOM stock opened at $157.72 on Friday. The stock has a 50-day moving average price of $155.05 and a two-hundred day moving average price of $137.45. The stock has a market cap of $653.72 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 0.69 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. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 EPS. Equities analysts forecast that ExxonMobil Corporation will post 11.5 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

Insider Buying and Selling at ExxonMobil

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

About ExxonMobil

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.