ExxonMobil Corporation $XOM Shares Sold by Rossmore Private Capital

Rossmore Private Capital lowered its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 1.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 530,457 shares of the oil and gas company’s stock after selling 6,855 shares during the quarter. ExxonMobil comprises 7.9% of Rossmore Private Capital’s portfolio, making the stock its largest holding. Rossmore Private Capital’s holdings in ExxonMobil were worth $89,997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Markel Group Inc. grew its position in shares of ExxonMobil by 23.7% in the first quarter. Markel Group Inc. now owns 47,000 shares of the oil and gas company’s stock valued at $7,974,000 after purchasing an additional 9,000 shares during the last quarter. Signature Resources Capital Management LLC lifted its position in shares of ExxonMobil by 1.6% during the 1st quarter. Signature Resources Capital Management LLC now owns 4,469 shares of the oil and gas company’s stock worth $758,000 after purchasing an additional 72 shares during the last quarter. Summit Financial Strategies Inc. boosted its stake in ExxonMobil by 1.7% during the 1st quarter. Summit Financial Strategies Inc. now owns 12,257 shares of the oil and gas company’s stock valued at $2,080,000 after purchasing an additional 206 shares during the period. U S Global Investors Inc. grew its holdings in ExxonMobil by 29.6% in the 1st quarter. U S Global Investors Inc. now owns 17,500 shares of the oil and gas company’s stock valued at $2,969,000 after buying an additional 4,000 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in ExxonMobil in the 1st quarter valued at approximately $53,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $144.50 on Thursday. The firm has a market capitalization of $598.95 billion, a PE ratio of 24.37, a PEG ratio of 0.59 and a beta of 0.17. 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 Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The business’s 50 day moving average is $145.73 and its 200-day moving average is $146.11.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.76 earnings per share. Sell-side analysts predict that ExxonMobil Corporation will post 11.48 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. ExxonMobil’s dividend payout ratio is currently 69.48%.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Citigroup restated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Barclays boosted their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Wells Fargo & Company increased their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Finally, TD Cowen decreased their price target on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.45.

ExxonMobil Profile

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.