Smithfield Trust Co Has $9.28 Million Holdings in ExxonMobil Corporation $XOM

Smithfield Trust Co lifted its position in shares of ExxonMobil Corporation (NYSE:XOM) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,176 shares of the oil and gas company’s stock after buying an additional 4,216 shares during the quarter. Smithfield Trust Co’s holdings in ExxonMobil were worth $9,284,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. AR Asset Management Inc. increased its position in shares of ExxonMobil by 5.1% during the fourth quarter. AR Asset Management Inc. now owns 12,300 shares of the oil and gas company’s stock worth $1,480,000 after buying an additional 600 shares during the period. Bleakley Financial Group LLC increased its position in shares of ExxonMobil by 17.0% during the fourth quarter. Bleakley Financial Group LLC now owns 157,931 shares of the oil and gas company’s stock worth $19,005,000 after buying an additional 22,925 shares during the period. Kestra Investment Management LLC increased its position in shares of ExxonMobil by 1.0% during the fourth quarter. Kestra Investment Management LLC now owns 15,764 shares of the oil and gas company’s stock worth $1,897,000 after buying an additional 158 shares during the period. Box Hill Private Wealth LLC acquired a new stake in shares of ExxonMobil during the fourth quarter worth $332,000. Finally, Cary Street Partners Financial LLC increased its position in shares of ExxonMobil by 3.9% during the fourth quarter. Cary Street Partners Financial LLC now owns 129,239 shares of the oil and gas company’s stock worth $15,553,000 after buying an additional 4,797 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 2,150 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the transaction, the vice president directly owned 18,204 shares of the company’s stock, valued at approximately $2,872,955.28. This trade represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. Citigroup increased their price objective on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Morgan Stanley reduced their price target on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Mizuho raised their price target on shares of ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Finally, Bank of America raised their price target on shares of ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $163.95.

ExxonMobil Stock Down 0.1%

ExxonMobil stock opened at $154.82 on Tuesday. ExxonMobil Corporation has a 1-year low of $101.18 and a 1-year high of $176.41. The firm has a market capitalization of $641.71 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 0.68 and a beta of 0.19. The firm’s fifty day moving average price is $155.82 and its two-hundred day moving average price is $139.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last released 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 net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same period last year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts predict that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

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.