Stokes Capital Advisors LLC Acquires 31,055 Shares of ExxonMobil Corporation $XOM

Stokes Capital Advisors LLC lifted its stake in ExxonMobil Corporation (NYSE:XOM) by 179.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,363 shares of the oil and gas company’s stock after buying an additional 31,055 shares during the period. ExxonMobil comprises approximately 1.8% of Stokes Capital Advisors LLC’s holdings, making the stock its 23rd largest holding. Stokes Capital Advisors LLC’s holdings in ExxonMobil were worth $8,205,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Pacific Sage Partners LLC raised its position in ExxonMobil by 15.9% in the 1st quarter. Pacific Sage Partners LLC now owns 10,197 shares of the oil and gas company’s stock valued at $1,730,000 after purchasing an additional 1,400 shares during the last quarter. Unique Wealth LLC grew its stake in shares of ExxonMobil by 11.1% during the first quarter. Unique Wealth LLC now owns 3,656 shares of the oil and gas company’s stock valued at $620,000 after purchasing an additional 364 shares during the last quarter. ADG Wealth Management Group LLC acquired a new stake in shares of ExxonMobil in the first quarter valued at approximately $206,000. Asset Planning Services Inc. LA ADV raised its position in ExxonMobil by 1.3% in the 1st quarter. Asset Planning Services Inc. LA ADV now owns 47,780 shares of the oil and gas company’s stock worth $8,106,000 after purchasing an additional 625 shares during the last quarter. Finally, Penbrook Management LLC bought a new stake in shares of ExxonMobil during the first quarter worth $217,000. 61.80% of the stock is owned by institutional investors.

ExxonMobil Stock Down 0.3%

ExxonMobil stock opened at $136.14 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The company’s 50-day moving average is $148.28 and its 200-day moving average is $144.29. The firm has a market capitalization of $564.28 billion, a PE ratio of 22.96, a P/E/G ratio of 0.58 and a beta of 0.16. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business 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 business posted $1.76 EPS. ExxonMobil’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Barclays raised their price objective on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. Finally, HSBC lifted their target price on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $165.55.

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.