Wellington Shields & Co. LLC Raises Holdings in ExxonMobil Corporation $XOM

Wellington Shields & Co. LLC raised its holdings in ExxonMobil Corporation (NYSE:XOM) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 76,928 shares of the oil and gas company’s stock after acquiring an additional 9,332 shares during the period. ExxonMobil accounts for 2.3% of Wellington Shields & Co. LLC’s portfolio, making the stock its 7th largest position. Wellington Shields & Co. LLC’s holdings in ExxonMobil were worth $9,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Peoples Bank OH grew its holdings in ExxonMobil by 0.5% in the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after buying an additional 71 shares during the last quarter. Paulson Wealth Management Inc. grew its holdings in ExxonMobil by 1.0% in the 4th quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock valued at $887,000 after buying an additional 72 shares during the last quarter. Peirce Capital Management LLC grew its holdings in ExxonMobil by 1.7% in the 4th quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock valued at $516,000 after buying an additional 72 shares during the last quarter. MOKAN Wealth Management Inc. grew its holdings in ExxonMobil by 1.3% in the 4th quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company’s stock valued at $711,000 after buying an additional 77 shares during the last quarter. Finally, Field & Main Bank grew its holdings in ExxonMobil by 0.3% in the 4th quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company’s stock valued at $2,815,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $154.82 on Tuesday. ExxonMobil Corporation has a 1-year low of $101.18 and a 1-year high of $176.41. The firm has a market capitalization of $641.71 billion, a PE ratio of 26.11, a PEG ratio of 0.68 and a beta of 0.19. The business’s 50 day moving average is $155.82 and its 200-day moving average is $139.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping 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 company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same quarter last year, the firm earned $1.76 EPS. ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts predict that ExxonMobil Corporation will post 11.49 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XOM. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a report on Tuesday, May 5th. Zacks Research raised ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Barclays raised their target price on ExxonMobil from $145.00 to $163.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Weiss Ratings lowered ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, Bank of America raised their target price on ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, ExxonMobil has an average rating of “Moderate Buy” and a consensus price target of $163.95.

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

About ExxonMobil

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.