Dickmeyer Boyce Financial Management Inc. Takes $1.15 Million Position in ExxonMobil Corporation $XOM

Dickmeyer Boyce Financial Management Inc. acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,798 shares of the oil and gas company’s stock, valued at approximately $1,153,000.

Several other hedge funds also recently bought and sold shares of XOM. Impact Partnership Wealth LLC raised its holdings in ExxonMobil by 0.6% during the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after acquiring an additional 67 shares during the period. Cardinal Strategic Wealth Guidance boosted its stake in shares of ExxonMobil by 1.9% in the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock worth $631,000 after acquiring an additional 68 shares during the period. ICW Investment Advisors LLC boosted its stake in shares of ExxonMobil by 0.3% in the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after acquiring an additional 69 shares during the period. Swisher Financial Concepts Inc. grew its position in shares of ExxonMobil by 0.3% during the first quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after purchasing an additional 69 shares in the last quarter. Finally, Brown Shipley& Co Ltd grew its position in shares of ExxonMobil by 5.4% during the first quarter. Brown Shipley& Co Ltd now owns 1,336 shares of the oil and gas company’s stock worth $227,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America raised ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Tuesday, June 16th. Morgan Stanley cut their price objective on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a report on Monday, June 29th. JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a report on Wednesday, July 8th. Finally, Sanford C. Bernstein dropped their target price 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 analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.25.

View Our Latest Stock Analysis on XOM

ExxonMobil Price Performance

NYSE:XOM opened at $156.88 on Friday. The business’s 50-day moving average is $145.91 and its 200 day moving average is $147.45. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41. The company has a market capitalization of $650.28 billion, a P/E ratio of 26.46, a P/E/G ratio of 0.65 and a beta of 0.17. 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 (NYSE:XOMGet Free Report) last released its quarterly earnings results 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. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter last year, the business posted $1.76 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that ExxonMobil Corporation will post 11.55 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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