Strengthening Families & Communities LLC Increases Stake in ExxonMobil Corporation $XOM

Strengthening Families & Communities LLC lifted its stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,160 shares of the oil and gas company’s stock after acquiring an additional 3,488 shares during the period. ExxonMobil accounts for about 1.6% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its 16th largest position. Strengthening Families & Communities LLC’s holdings in ExxonMobil were worth $4,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. CGC Financial Services LLC increased its position in ExxonMobil by 36.7% during the 4th quarter. CGC Financial Services LLC now owns 3,400 shares of the oil and gas company’s stock worth $409,000 after purchasing an additional 913 shares in the last quarter. Koshinski Asset Management Inc. increased its position in ExxonMobil by 2.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 47,897 shares of the oil and gas company’s stock worth $5,764,000 after purchasing an additional 1,007 shares in the last quarter. Violich Capital Management Inc. increased its position in ExxonMobil by 28.5% during the 4th quarter. Violich Capital Management Inc. now owns 50,355 shares of the oil and gas company’s stock worth $6,060,000 after purchasing an additional 11,180 shares in the last quarter. Diversify Wealth Management LLC increased its position in ExxonMobil by 0.5% during the 4th quarter. Diversify Wealth Management LLC now owns 46,987 shares of the oil and gas company’s stock worth $5,946,000 after purchasing an additional 216 shares in the last quarter. Finally, Luken Investment Analytics LLC increased its position in ExxonMobil by 57.6% during the 4th quarter. Luken Investment Analytics LLC now owns 990 shares of the oil and gas company’s stock worth $119,000 after purchasing an additional 362 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 6,460 shares of company stock valued at $989,104 over the last three months. 0.03% of the stock is owned by company insiders.

ExxonMobil Stock Down 1.5%

Shares of NYSE:XOM opened at $146.47 on Friday. 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 Corporation has a 52-week low of $101.18 and a 52-week high of $176.41. The company has a 50 day moving average of $155.04 and a two-hundred day moving average of $136.06. The company has a market capitalization of $607.11 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 0.65 and a beta of 0.19.

ExxonMobil (NYSE:XOMGet Free Report) last issued its quarterly earnings data 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 company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter last year, the company earned $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, analysts forecast that ExxonMobil Corporation will post 11.44 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Scotiabank increased their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Bank of America increased their target price 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.70.

Read Our Latest Analysis on ExxonMobil

ExxonMobil News Roundup

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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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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