Wellington Shields Capital Management LLC Cuts Stake in ExxonMobil Corporation $XOM

Wellington Shields Capital Management LLC reduced its stake in ExxonMobil Corporation (NYSE:XOM) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 103,728 shares of the oil and gas company’s stock after selling 6,251 shares during the quarter. ExxonMobil accounts for approximately 1.8% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 11th largest holding. Wellington Shields Capital Management LLC’s holdings in ExxonMobil were worth $12,483,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Peoples Bank OH boosted its holdings in shares of ExxonMobil by 0.5% in the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock worth $1,804,000 after buying an additional 71 shares during the last quarter. Paulson Wealth Management Inc. boosted its holdings in shares of ExxonMobil by 1.0% in the 4th quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock worth $887,000 after buying an additional 72 shares during the last quarter. Peirce Capital Management LLC raised its stake in ExxonMobil by 1.7% in the 4th quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock valued at $516,000 after acquiring an additional 72 shares during the period. MOKAN Wealth Management Inc. raised its stake in ExxonMobil by 1.3% in the 4th quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company’s stock valued at $711,000 after acquiring an additional 77 shares during the period. Finally, Field & Main Bank raised its stake in ExxonMobil by 0.3% in the 4th quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company’s stock valued at $2,815,000 after acquiring an additional 78 shares during the period. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Trading Down 0.1%

Shares of XOM opened at $154.82 on Tuesday. The business’s 50-day moving average price is $155.82 and its 200-day moving average price is $139.41. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month high of $176.41. The stock has a market cap of $641.71 billion, a PE ratio of 26.11, a P/E/G ratio of 0.68 and a beta of 0.19. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last announced 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 firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts forecast that ExxonMobil Corporation will post 11.49 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio is currently 69.48%.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research reports. Zacks Research upgraded ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Loop Capital set a $123.00 price objective on ExxonMobil in a research note on Tuesday, February 3rd. TD Cowen lowered their price objective on ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Mizuho boosted their price objective on ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Finally, Sanford C. Bernstein lowered their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.95.

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.

ExxonMobil Profile

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.