Citizens Financial Group Inc. RI Sells 5,197 Shares of ExxonMobil Corporation $XOM

Citizens Financial Group Inc. RI cut its stake in ExxonMobil Corporation (NYSE:XOM) by 2.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 232,073 shares of the oil and gas company’s stock after selling 5,197 shares during the period. Citizens Financial Group Inc. RI’s holdings in ExxonMobil were worth $39,373,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Impact Partnership Wealth LLC boosted its stake in ExxonMobil by 0.6% in the first quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock worth $2,039,000 after buying an additional 67 shares in the last quarter. Cardinal Strategic Wealth Guidance raised its stake in shares of ExxonMobil by 1.9% during 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 in the last quarter. ICW Investment Advisors LLC raised its stake in shares of ExxonMobil by 0.3% during 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 in the last quarter. Swisher Financial Concepts Inc. lifted its holdings in shares of ExxonMobil by 0.3% in the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock worth $4,649,000 after acquiring an additional 69 shares during the last quarter. Finally, Fortis Capital Management LLC lifted its holdings in shares of ExxonMobil by 2.0% in the 4th quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock worth $434,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Down 0.4%

Shares of NYSE:XOM opened at $144.50 on Thursday. The firm has a market capitalization of $598.95 billion, a P/E ratio of 24.37, a P/E/G ratio of 0.59 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The stock has a 50 day moving average price of $145.73 and a 200-day moving average price of $146.11. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period last year, the company posted $1.76 EPS. ExxonMobil’s revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that ExxonMobil Corporation will post 11.48 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. ExxonMobil’s dividend payout ratio is 69.48%.

Analyst Ratings Changes

Several analysts have issued reports on XOM shares. Jefferies Financial Group upped their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Bank of America raised ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Tuesday, June 16th. Morgan Stanley dropped their target price on 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. raised their price target on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus price target of $164.45.

About ExxonMobil

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.