8,438 Shares in ExxonMobil Corporation $XOM Bought by Greenspring Advisors LLC

Greenspring Advisors LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 8,438 shares of the oil and gas company’s stock, valued at approximately $1,015,000.

Several other institutional investors have also recently made changes to their positions in XOM. Disciplined Investors L.L.C. increased its holdings in ExxonMobil by 5.3% in the fourth quarter. Disciplined Investors L.L.C. now owns 7,133 shares of the oil and gas company’s stock valued at $858,000 after buying an additional 356 shares in the last quarter. Archvest Wealth Advisors Inc. purchased a new position in ExxonMobil in the fourth quarter valued at $301,000. REAP Financial Group LLC increased its holdings in ExxonMobil by 8.7% in the fourth quarter. REAP Financial Group LLC now owns 9,789 shares of the oil and gas company’s stock valued at $1,178,000 after buying an additional 787 shares in the last quarter. BlackDiamond Wealth Management LLC increased its holdings in ExxonMobil by 77.4% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 7,625 shares of the oil and gas company’s stock valued at $918,000 after buying an additional 3,328 shares in the last quarter. Finally, Elgethun Capital Management increased its holdings in ExxonMobil by 2.7% in the fourth quarter. Elgethun Capital Management now owns 8,023 shares of the oil and gas company’s stock valued at $966,000 after buying an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Zacks Research cut shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. UBS Group lifted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Bank of America lifted their price objective on shares of ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Morgan Stanley cut their price objective 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. Finally, HSBC lifted their price objective on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a report on Friday, March 20th. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $165.55.

Read Our Latest Stock Report on XOM

Insider Activity

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by company insiders.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Stock Down 0.3%

Shares of NYSE XOM opened at $152.12 on Friday. The company’s 50-day simple moving average is $154.22 and its 200-day simple moving average is $141.21. ExxonMobil Corporation has a 52-week low of $101.73 and a 52-week high of $176.41. The firm has a market cap of $630.51 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 0.66 and a beta of 0.16. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last announced 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 for the quarter, compared to analyst estimates of $81.13 billion. During the same quarter last year, the business earned $1.76 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts predict that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

ExxonMobil 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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