ExxonMobil Corporation $XOM Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV decreased its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 25.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,600 shares of the oil and gas company’s stock after selling 6,720 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in ExxonMobil were worth $3,325,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Portus Wealth Advisors LLC purchased a new position in ExxonMobil during the first quarter worth about $36,000. Berbice Capital Management LLC purchased a new stake in shares of ExxonMobil during the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC purchased a new stake in shares of ExxonMobil during the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 187 shares during the last quarter. Finally, Key Capital Management INC acquired a new position in ExxonMobil in the fourth quarter valued at approximately $28,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Stock Down 0.4%

NYSE:XOM opened at $144.50 on Thursday. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The stock’s fifty day moving average is $145.73 and its two-hundred day moving average is $146.11. The stock has a market capitalization of $598.95 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 0.59 and a beta of 0.17. 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 issued its quarterly earnings data 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. 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 period in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. Research analysts anticipate that ExxonMobil Corporation will post 11.48 EPS for the current year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XOM. Piper Sandler cut their target price on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Barclays increased their price target on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Citigroup reissued a “neutral” rating on shares of ExxonMobil in a research report on Wednesday, July 8th. Wells Fargo & Company boosted their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Finally, HSBC upped their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.45.

ExxonMobil Company 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.