Hendley & Co. Inc. Sells 6,235 Shares of ExxonMobil Corporation $XOM

Hendley & Co. Inc. reduced its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 30.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,067 shares of the oil and gas company’s stock after selling 6,235 shares during the quarter. Hendley & Co. Inc.’s holdings in ExxonMobil were worth $1,693,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XOM. Midwest Capital Advisors LLC acquired a new position in ExxonMobil during the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake in ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC acquired a new position in ExxonMobil during the 4th quarter valued at $28,000. Westfuller Advisors LLC acquired a new position in ExxonMobil during the 3rd quarter valued at $30,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in ExxonMobil during the 4th quarter valued at $32,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: High oil prices are expected to support ExxonMobil’s exploration and production earnings, with stronger Permian recoveries and Guyana output helping profitability. How Will High Oil Prices Aid ExxonMobil’s Energy Business?
• Positive Sentiment: A Texas jury found ExxonMobil not liable in a long-running investor lawsuit tied to Canadian oil sands and Rocky Mountain gas disclosures, removing a legal overhang. Exxon Mobil not liable to investors over Canadian oil sands, gas assets, jury says
• Positive Sentiment: ExxonMobil resumed drilling in Guyana’s Canje block, which could support longer-term growth if exploration results are encouraging. Exxon resumes drilling in Guyana’s Canje block after four-year absence
• Neutral Sentiment: Bernstein cut ExxonMobil’s price target from $195 to $182, which may temper some near-term enthusiasm despite continued analyst interest. Exxon Mobil (XOM) Price Target Trimmed by $13 at Bernstein
• Negative Sentiment: Some investors are pushing back on ExxonMobil’s plan to move its incorporation from New Jersey to Texas, citing governance and shareholder-rights concerns. Exxon Mobil Texas Move Pits Shareholder Rights Against Governance Goals

ExxonMobil Trading Up 3.2%

Shares of XOM stock opened at $157.72 on Friday. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41. The stock has a market cap of $653.72 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 0.69 and a beta of 0.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The firm has a fifty day moving average of $155.05 and a 200-day moving average of $137.45.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $81.13 billion. During the same quarter in the prior year, the company posted $1.76 EPS. The business’s revenue was up 2.4% on a year-over-year basis. On average, equities research analysts forecast that ExxonMobil Corporation will post 11.5 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. ExxonMobil’s dividend payout ratio is presently 69.48%.

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total value 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 represents a 5.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on XOM shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExxonMobil in a research note on Friday, April 10th. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Bank of America upped their target price on shares of ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Finally, Mizuho increased their price objective on shares of ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.95.

ExxonMobil Company 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.