ExxonMobil Corporation $XOM Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,607,565 shares of the oil and gas company’s stock after selling 10,457 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ExxonMobil were worth $193,454,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in XOM. Berbice Capital Management LLC acquired a new position in shares of ExxonMobil in the 4th quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil in the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings 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 purchasing an additional 187 shares during the last quarter. Key Capital Management INC acquired a new position in shares of ExxonMobil in the 4th quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of ExxonMobil in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Trending Headlines about ExxonMobil

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Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group lifted their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Mizuho lifted their price target on shares of ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Morgan Stanley cut their target price on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research note on Friday, April 17th. HSBC raised their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Friday, March 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, ExxonMobil currently has an average rating of “Hold” and an average price target of $165.55.

View Our Latest Research Report on XOM

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. The trade was a 5.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

ExxonMobil Price Performance

XOM opened at $150.72 on Thursday. The company has a 50-day moving average of $152.83 and a 200-day moving average of $142.12. The company has a market capitalization of $624.73 billion, a P/E ratio of 25.42, a PEG ratio of 0.64 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04.

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 for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 EPS. Equities analysts expect that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil’s payout ratio is presently 69.48%.

ExxonMobil 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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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