4,463 Shares in ExxonMobil Corporation $XOM Purchased by Putney Financial Group LLC

by · The Cerbat Gem

Putney Financial Group LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,463 shares of the oil and gas company’s stock, valued at approximately $537,000.

Other hedge funds have also made changes to their positions in the company. Maryland State Retirement & Pension System increased its position in ExxonMobil by 2.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after acquiring an additional 5,573 shares in the last quarter. Capital Investment Advisors LLC increased its position in ExxonMobil by 6.6% in the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after acquiring an additional 14,233 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in ExxonMobil by 3.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 306,658 shares of the oil and gas company’s stock valued at $34,576,000 after acquiring an additional 9,831 shares in the last quarter. HORAN Wealth LLC increased its position in ExxonMobil by 78.3% in the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after acquiring an additional 5,788 shares in the last quarter. Finally, New Age Alpha Advisors LLC increased its position in ExxonMobil by 5.6% in the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock valued at $18,778,000 after acquiring an additional 8,853 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 5,000 shares of ExxonMobil stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $139.75, for a total transaction of $698,750.00. Following the transaction, the vice president owned 23,584 shares of the company’s stock, valued at $3,295,864. This trade represents a 17.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

XOM has been the subject of several research reports. Scotiabank upgraded shares of ExxonMobil to a “strong-buy” rating in a research report on Friday, March 27th. Morgan Stanley raised their price objective on shares of ExxonMobil from $134.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Bank of America lifted their price target on shares of ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Royal Bank Of Canada lifted their price target on shares of ExxonMobil from $160.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Finally, Zacks Research upgraded shares of ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average target price of $159.20.

View Our Latest Stock Report on XOM

ExxonMobil Stock Up 1.9%

Shares of NYSE:XOM opened at $151.80 on Friday. ExxonMobil Corporation has a one year low of $101.18 and a one year high of $176.41. The company has a 50 day moving average of $155.04 and a 200-day moving average of $132.36. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. The stock has a market cap of $630.95 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 0.90 and a beta of 0.29.

ExxonMobil (NYSE:XOMGet Free Report) last issued its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The company had revenue of $80.04 billion during the quarter, compared to analysts’ expectations of $77.98 billion. During the same quarter in the previous year, the company earned $1.67 EPS. ExxonMobil’s revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts forecast that ExxonMobil Corporation will post 7.43 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.7%. ExxonMobil’s dividend payout ratio (DPR) is presently 61.58%.

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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