Connecticut Capital Management Group LLC Purchases New Shares in ExxonMobil Corporation $XOM

Connecticut Capital Management Group LLC purchased a new stake in ExxonMobil Corporation (NYSE:XOM) during the 4th quarter, HoldingsChannel reports. The firm purchased 7,035 shares of the oil and gas company’s stock, valued at approximately $847,000. ExxonMobil comprises approximately 0.8% of Connecticut Capital Management Group LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other large investors have also added to or reduced their stakes in the stock. ICW Investment Advisors LLC boosted its holdings in ExxonMobil by 0.3% in the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after acquiring an additional 69 shares in the last quarter. Peoples Bank OH boosted its holdings in ExxonMobil by 0.5% in the fourth quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after acquiring an additional 71 shares in the last quarter. Paulson Wealth Management Inc. boosted its holdings in ExxonMobil by 1.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock valued at $887,000 after acquiring an additional 72 shares in the last quarter. Peirce Capital Management LLC boosted its holdings in ExxonMobil by 1.7% in the fourth 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 in the last quarter. Finally, Studio Investment Management LLC boosted its holdings in ExxonMobil by 0.8% in the fourth quarter. Studio Investment Management LLC now owns 8,698 shares of the oil and gas company’s stock valued at $1,047,000 after acquiring an additional 72 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil shareholders approved the company’s plan to reincorporate in Texas, which could give XOM a more corporate-friendly legal setup and greater strategic flexibility. Reuters: Exxon wins shareholder backing for legal move to Texas
• Positive Sentiment: The Texas move also signals strong shareholder support for management’s agenda, reinforcing ExxonMobil’s focus on operational and legal advantages that may help long-term shareholder value. Yahoo Finance: ExxonMobil wins decisive backing to move corporate domicile to Texas
• Positive Sentiment: Exxon is also pursuing growth opportunities abroad, including seeking Guyana regulatory clearance for its ninth Stabroek development, which could add to future production if approved. Zacks: ExxonMobil Seeks Guyana EPA Clearance for Ninth Stabroek Development
• Neutral Sentiment: Reuters reported Occidental Petroleum is taking a 10% stake in Exxon’s deepwater Trinidad and Tobago block, which may support project economics but is not likely to move the stock on its own. Reuters: Occidental takes 10% stake in Exxon deepwater block offshore Trinidad, sources say
• Negative Sentiment: Energy stocks fell broadly as oil prices weakened, and that sector-wide decline is pressuring ExxonMobil shares despite the company-specific positives. Yahoo Finance: Sector Update: Energy Stocks Fall Late Afternoon
• Negative Sentiment: Investor caution also rose after reports that U.S.-Iran talks were “proceeding nicely,” which eased fears of supply disruption and pushed oil lower, a headwind for XOM. Stocktwits: USO, UCO, BATL, XOM Slip…

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $147.80 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $612.63 billion, a P/E ratio of 24.92, a P/E/G ratio of 0.65 and a beta of 0.19. The business has a fifty day simple moving average of $155.51 and a two-hundred day simple moving average of $139.90. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 EPS. On average, equities analysts forecast that ExxonMobil Corporation will post 11.49 earnings per share 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 $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Analyst Ratings Changes

Several analysts recently weighed in on XOM shares. BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 price target on shares of ExxonMobil in a report on Wednesday, February 4th. UBS Group lifted their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Jefferies Financial Group raised their price objective on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Citigroup raised their price objective on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Finally, Scotiabank raised their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. 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 stock has an average rating of “Moderate Buy” and an average target price of $165.55.

Insider Activity

In other news, VP Darrin L. Talley sold 2,150 shares of ExxonMobil stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president owned 18,204 shares of the company’s stock, valued at $2,872,955.28. The trade was a 10.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

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.