FSA Advisors Inc. Has $2.90 Million Position in ExxonMobil Corporation $XOM

FSA Advisors Inc. lifted its holdings in ExxonMobil Corporation (NYSE:XOMFree Report) by 439.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 24,117 shares of the oil and gas company’s stock after buying an additional 19,648 shares during the quarter. FSA Advisors Inc.’s holdings in ExxonMobil were worth $2,902,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Heritage Financial Services LLC lifted its stake in ExxonMobil by 3.9% in the fourth quarter. Heritage Financial Services LLC now owns 12,384 shares of the oil and gas company’s stock valued at $1,490,000 after buying an additional 461 shares in the last quarter. Intact Investment Management Inc. boosted its holdings in shares of ExxonMobil by 21.0% in the fourth quarter. Intact Investment Management Inc. now owns 50,100 shares of the oil and gas company’s stock valued at $6,029,000 after buying an additional 8,700 shares during the period. Elite Wealth Management Inc. bought a new stake in shares of ExxonMobil during the fourth quarter worth $201,000. B.O.S.S. Retirement Advisors LLC raised its holdings in shares of ExxonMobil by 2.8% during the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 3,831 shares of the oil and gas company’s stock worth $461,000 after acquiring an additional 104 shares during the period. Finally, Pachira Investments Inc. acquired a new stake in shares of ExxonMobil during the fourth quarter worth $264,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

Insider Activity at ExxonMobil

In related news, VP Darrin L. Talley sold 3,230 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $149.18, for a total value of $481,851.40. Following the completion of the transaction, the vice president owned 20,354 shares of the company’s stock, valued at $3,036,409.72. The trade was a 13.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 6,460 shares of company stock valued at $989,104 in the last quarter. 0.03% of the stock is currently owned by company insiders.

ExxonMobil Trading Up 0.7%

XOM stock opened at $153.80 on Tuesday. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The company’s 50-day simple moving average is $154.98 and its 200 day simple moving average is $135.25. The company has a market capitalization of $639.29 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 0.69 and a beta of 0.19. 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 quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.76 earnings per share. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 11.18 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s dividend payout ratio is 61.58%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on XOM shares. JPMorgan Chase & Co. upped their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Sanford C. Bernstein cut their price target on ExxonMobil from $142.00 to $137.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Morgan Stanley decreased their price objective on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Jefferies Financial Group lifted their target price on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, Scotiabank boosted their target price on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.70.

Check Out Our Latest Report on XOM

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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