Oath Planning LLC Takes $597,000 Position in ExxonMobil Corporation $XOM

Oath Planning LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) during the fourth quarter, Holdings Channel reports. The fund bought 4,961 shares of the oil and gas company’s stock, valued at approximately $597,000. ExxonMobil comprises about 0.6% of Oath Planning LLC’s investment portfolio, making the stock its 27th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in XOM. Norges Bank bought a new stake in ExxonMobil during the 4th quarter worth approximately $7,625,063,000. Franklin Resources Inc. grew its holdings in ExxonMobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after acquiring an additional 2,660,910 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in ExxonMobil by 218.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock worth $155,696,000 after acquiring an additional 2,546,791 shares during the last quarter. AQR Capital Management LLC grew its holdings in ExxonMobil by 105.4% during the 3rd quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock worth $329,797,000 after acquiring an additional 1,501,235 shares during the last quarter. Finally, Pinebridge Investments LLC bought a new stake in ExxonMobil during the 4th quarter worth approximately $138,732,000. 61.80% of the stock is owned by institutional investors.

ExxonMobil Stock Down 2.7%

Shares of NYSE XOM opened at $146.56 on Friday. The company has a market capitalization of $607.47 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 0.65 and a beta of 0.16. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41. 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 company’s 50 day moving average price is $152.37 and its 200-day moving average price is $142.33.

ExxonMobil (NYSE:XOMGet Free Report) 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, topping 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 the consensus estimate of $81.13 billion. During the same quarter in the previous year, the company earned $1.76 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts forecast that ExxonMobil Corporation will post 11.66 earnings per share for the current year.

ExxonMobil Announces Dividend

The business also recently announced 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

Insider Activity

In related news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the transaction, the vice president owned 17,124 shares in the company, valued at $2,662,782. The trade was a 5.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is owned by insiders.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Analyst Ratings Changes

A number of equities research analysts have weighed in on XOM shares. Bank of America boosted their target price on shares of ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Piper Sandler reduced their target price on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. UBS Group boosted their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. TD Cowen dropped their price target on shares of ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Finally, Wolfe Research downgraded shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $165.55.

Get Our Latest Research Report on XOM

ExxonMobil Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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