ExxonMobil Corporation $XOM Shares Sold by German American Bancorp Inc.

German American Bancorp Inc. decreased its holdings in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 5.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 77,781 shares of the oil and gas company’s stock after selling 4,684 shares during the period. ExxonMobil accounts for about 1.1% of German American Bancorp Inc.’s holdings, making the stock its 25th biggest holding. German American Bancorp Inc.’s holdings in ExxonMobil were worth $13,196,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Capital Investment Advisors LLC boosted its holdings in ExxonMobil by 6.6% in the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after buying an additional 14,233 shares during the last quarter. Assetmark Inc. raised its holdings in shares of ExxonMobil by 8.3% during the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after acquiring an additional 37,666 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of ExxonMobil by 2.3% during the fourth quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock valued at $126,166,000 after acquiring an additional 23,668 shares during the last quarter. Clear Trail Advisors LLC purchased a new position in shares of ExxonMobil in the fourth quarter valued at approximately $28,728,000. Finally, Midwest Trust Co lifted its position in shares of ExxonMobil by 3.9% in the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock valued at $120,623,000 after acquiring an additional 26,411 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

NYSE XOM opened at $151.53 on Wednesday. The stock has a market cap of $628.10 billion, a PE ratio of 25.55, a P/E/G ratio of 0.61 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 Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The stock has a fifty day simple moving average of $145.78 and a 200-day simple moving average of $146.90.

ExxonMobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data 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. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the company earned $1.76 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Equities analysts anticipate that ExxonMobil Corporation will post 11.38 earnings per share for the current year.

ExxonMobil Announces Dividend

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

Analyst Ratings Changes

Several analysts recently commented on XOM shares. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Sanford C. Bernstein decreased their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. UBS Group lifted their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. Finally, Barclays increased their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.45.

Check Out Our Latest Stock Analysis on XOM

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

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 Articles

Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOMFree Report).

Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

Receive News & Ratings for ExxonMobil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ExxonMobil and related companies with MarketBeat.com's FREE daily email newsletter.