ExxonMobil Corporation $XOM Shares Sold by Western Reserve Capital Management LLC

by · The Cerbat Gem

Western Reserve Capital Management LLC trimmed its stake in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 21.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,088 shares of the oil and gas company’s stock after selling 14,000 shares during the quarter. ExxonMobil comprises approximately 5.2% of Western Reserve Capital Management LLC’s investment portfolio, making the stock its 6th biggest position. Western Reserve Capital Management LLC’s holdings in ExxonMobil were worth $6,985,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of XOM. Assetmark Inc. grew its position in shares of ExxonMobil by 8.3% in the first quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock valued at $83,525,000 after purchasing an additional 37,666 shares during the last quarter. Charles Schwab Trust Co increased its stake in shares of ExxonMobil by 392.9% during the second quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock worth $16,710,000 after purchasing an additional 97,424 shares during the period. Sanctuary Advisors LLC lifted its holdings in ExxonMobil by 2.3% during the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after purchasing an additional 23,668 shares during the last quarter. Midwest Trust Co lifted its holdings in ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after purchasing an additional 26,411 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its stake in ExxonMobil by 2.4% in the 4th quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock valued at $200,366,000 after purchasing an additional 38,492 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Trading Down 0.6%

Shares of NYSE:XOM opened at $158.78 on Friday. The company has a market capitalization of $658.13 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.63 and a beta of 0.17. ExxonMobil Corporation has a 1 year low of $105.67 and a 1 year high of $176.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The business’s 50 day simple moving average is $146.80 and its 200 day simple moving average is $150.38.

ExxonMobil (NYSE:XOM – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 EPS for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The company had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same quarter last year, the business earned $1.64 EPS. On average, research analysts anticipate that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be given a $1.03 dividend. The ex-dividend date is Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio (DPR) is presently 53.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Scotiabank upped their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Mizuho dropped their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Morgan Stanley reduced their target price on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. UBS Group set a $168.00 price target on shares of ExxonMobil in a research note on Friday, August 7th. Finally, DZ Bank lowered shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price target on the stock. in a research report on Tuesday, August 4th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $163.29.

View Our Latest Analysis on ExxonMobil

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.

See Also

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