Greenup Street Wealth Management LLC Decreases Stake in ExxonMobil Corporation $XOM

Greenup Street Wealth Management LLC reduced its stake in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 84.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,758 shares of the oil and gas company’s stock after selling 9,340 shares during the period. Greenup Street Wealth Management LLC’s holdings in ExxonMobil were worth $212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westfuller Advisors LLC bought a new position in shares of ExxonMobil during the 3rd quarter valued at approximately $30,000. Clayton Financial Group LLC bought a new position in shares of ExxonMobil during the 3rd quarter valued at approximately $40,000. TruNorth Capital Management LLC grew its position in shares of ExxonMobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 335 shares during the period. Halbert Hargrove Global Advisors LLC grew its position in shares of ExxonMobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 181 shares during the period. Finally, Marquette Asset Management LLC grew its position in shares of ExxonMobil by 307.0% during the 3rd quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 307 shares during the period. 61.80% of the stock is owned by institutional investors.

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ExxonMobil Stock Down 2.2%

XOM opened at $149.23 on Wednesday. The company has a 50 day moving average of $154.90 and a 200 day moving average of $132.11. The company has a market cap of $620.28 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.92 and a beta of 0.29. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last released its quarterly earnings data 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. The company had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. ExxonMobil’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.67 EPS. On average, sell-side analysts expect that ExxonMobil Corporation will post 7.43 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were issued a $1.03 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $4.12 annualized dividend and a yield of 2.8%. ExxonMobil’s dividend payout ratio (DPR) is 61.58%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on XOM shares. HSBC increased their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. UBS Group reissued a “buy” rating and set a $171.00 target price on shares of ExxonMobil in a research report on Monday, February 2nd. TD Cowen reduced their target price on shares of ExxonMobil from $175.00 to $172.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Jefferies Financial Group increased their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Finally, Scotiabank raised shares of ExxonMobil to a “strong-buy” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.20.

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ExxonMobil Profile

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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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