RiverFront Investment Group LLC Purchases 14,320 Shares of ExxonMobil Corporation $XOM

RiverFront Investment Group LLC raised its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 22.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,215 shares of the oil and gas company’s stock after buying an additional 14,320 shares during the quarter. RiverFront Investment Group LLC’s holdings in ExxonMobil were worth $9,412,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of XOM. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil during the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the period. Key Capital Management INC acquired a new position in shares of ExxonMobil during the 4th quarter worth about $28,000. Westfuller Advisors LLC acquired a new position in shares of ExxonMobil during the 3rd quarter worth about $30,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of ExxonMobil during the 4th quarter worth about $32,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total transaction 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. This represents a 10.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is currently owned by company insiders.

ExxonMobil Price Performance

Shares of XOM opened at $157.72 on Monday. 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 stock has a 50 day simple moving average of $155.05 and a 200 day simple moving average of $137.61. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41. The firm has a market capitalization of $653.72 billion, a PE ratio of 26.60, a P/E/G ratio of 0.69 and a beta of 0.19.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data 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 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 analyst estimates of $81.13 billion. During the same period in the previous year, the firm earned $1.76 EPS. ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts predict that ExxonMobil Corporation will post 11.5 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.6%. ExxonMobil’s dividend payout ratio is 69.48%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: High oil prices are expected to support ExxonMobil’s exploration and production earnings, with stronger Permian recoveries and Guyana output helping profitability. How Will High Oil Prices Aid ExxonMobil’s Energy Business?
• Positive Sentiment: A Texas jury found ExxonMobil not liable in a long-running investor lawsuit tied to Canadian oil sands and Rocky Mountain gas disclosures, removing a legal overhang. Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
• Positive Sentiment: ExxonMobil resumed drilling in Guyana’s Canje block, which could support longer-term growth if exploration results are encouraging. Exxon resumes drilling in Guyana’s Canje block after four-year absence
• Neutral Sentiment: Bernstein cut ExxonMobil’s price target from $195 to $182, which may temper some near-term enthusiasm despite continued analyst interest. Exxon Mobil (XOM) Price Target Trimmed by $13 at Bernstein
• Negative Sentiment: Some investors are pushing back on ExxonMobil’s plan to move its incorporation from New Jersey to Texas, citing governance and shareholder-rights concerns. Exxon Mobil Texas Move Pits Shareholder Rights Against Governance Goals

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XOM. Jefferies Financial Group boosted their target price on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Wells Fargo & Company boosted their target price on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExxonMobil in a research report on Friday, April 10th. HSBC boosted their price objective on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Finally, Bank of America boosted their price objective on ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.95.

ExxonMobil 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.