FSA Advisors Inc. Has $650,000 Stock Holdings in ExxonMobil Corporation $XOM

FSA Advisors Inc. reduced its position in ExxonMobil Corporation (NYSE:XOMFree Report) by 84.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,829 shares of the oil and gas company’s stock after selling 20,288 shares during the period. FSA Advisors Inc.’s holdings in ExxonMobil were worth $650,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Capital Management LLC increased its position in ExxonMobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after purchasing an additional 376 shares during the period. Caxton Associates LLP bought a new position in shares of ExxonMobil in the 1st quarter valued at about $305,000. Sivia Capital Partners LLC boosted its stake in shares of ExxonMobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after purchasing an additional 207 shares during the last quarter. United Bank grew its position in shares of ExxonMobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after buying an additional 600 shares during the period. Finally, Schnieders Capital Management LLC. raised its stake in shares of ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after buying an additional 5,443 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

More ExxonMobil News

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on XOM. JPMorgan Chase & Co. increased their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. UBS Group upped their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group increased their price target on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Barclays raised their price target on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average price target of $164.45.

Read Our Latest Stock Analysis on ExxonMobil

ExxonMobil Stock Performance

Shares of XOM stock opened at $151.53 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The company’s 50 day moving average price is $145.78 and its two-hundred day moving average price is $146.90. The company has a market capitalization of $628.10 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share 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 company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the prior year, the company earned $1.76 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts expect that ExxonMobil Corporation will post 11.38 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

About ExxonMobil

(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.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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