Almanack Investment Partners LLC. Lowers Position in ExxonMobil Corporation $XOM

Almanack Investment Partners LLC. decreased its position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 27.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,975 shares of the oil and gas company’s stock after selling 6,470 shares during the period. Almanack Investment Partners LLC.’s holdings in ExxonMobil were worth $2,043,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in XOM. Key Capital Management INC purchased a new position in ExxonMobil during the 4th quarter valued at about $28,000. Westfuller Advisors LLC bought a new stake in ExxonMobil during the third quarter worth about $30,000. Nvest Wealth Strategies Inc. purchased a new stake in ExxonMobil in the fourth quarter worth about $32,000. DecisionPoint Financial LLC increased its stake in shares of ExxonMobil by 968.0% during the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 242 shares in the last quarter. Finally, TruNorth Capital Management LLC increased its stake in shares of ExxonMobil by 1,595.2% during the third quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 335 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on XOM. Mizuho boosted their price target on ExxonMobil from $140.00 to $162.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Wells Fargo & Company raised their price objective on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExxonMobil in a research note on Friday, April 10th. UBS Group reissued a “buy” rating and issued a $171.00 target price on shares of ExxonMobil in a report on Monday, February 2nd. Finally, BMO Capital Markets restated a “market perform” rating and set a $155.00 price target on shares of ExxonMobil in a report on Wednesday, February 4th. One equities research 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 company’s stock. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average target price of $161.55.

View Our Latest Report on XOM

ExxonMobil Price Performance

Shares of XOM opened at $148.15 on Tuesday. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month high of $176.41. The company has a market capitalization of $615.79 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.29. The firm has a 50 day moving average of $154.74 and a 200 day moving average of $134.37. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOMGet Free Report) last posted its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $80.04 billion during the quarter, compared to analyst estimates of $77.98 billion. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. As a group, equities research analysts anticipate that ExxonMobil Corporation will post 9.94 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

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

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

Insider Activity 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 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 directly owned 17,124 shares in the company, valued at $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 11,460 shares of company stock valued at $1,687,854 in the last three months. Insiders own 0.03% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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