ExxonMobil Corporation $XOM is Carlton Hofferkamp & Jenks Wealth Management LLC’s 7th Largest Position

Carlton Hofferkamp & Jenks Wealth Management LLC lowered its stake in ExxonMobil Corporation (NYSE:XOM) by 43.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 58,047 shares of the oil and gas company’s stock after selling 44,183 shares during the quarter. ExxonMobil makes up 2.9% of Carlton Hofferkamp & Jenks Wealth Management LLC’s portfolio, making the stock its 7th biggest position. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in ExxonMobil were worth $9,848,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ascentis Independent Advisors boosted its holdings in ExxonMobil by 87.1% in the first quarter. Ascentis Independent Advisors now owns 60,187 shares of the oil and gas company’s stock worth $10,212,000 after acquiring an additional 28,015 shares in the last quarter. Steigerwald Gordon & Koch Inc. raised its position in shares of ExxonMobil by 118.0% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 18,996 shares of the oil and gas company’s stock worth $3,223,000 after purchasing an additional 10,284 shares during the last quarter. GM Advisory Group LLC raised its position in shares of ExxonMobil by 0.7% in the 1st quarter. GM Advisory Group LLC now owns 30,738 shares of the oil and gas company’s stock worth $5,215,000 after purchasing an additional 200 shares during the last quarter. Astoria Portfolio Advisors LLC. boosted its stake in ExxonMobil by 0.7% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 9,692 shares of the oil and gas company’s stock worth $1,644,000 after purchasing an additional 71 shares in the last quarter. Finally, Pennsylvania Capital Management Inc. ADV grew its position in ExxonMobil by 41.0% during the 1st quarter. Pennsylvania Capital Management Inc. ADV now owns 10,567 shares of the oil and gas company’s stock valued at $1,793,000 after purchasing an additional 3,075 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

NYSE XOM opened at $137.31 on Friday. The business’s fifty day moving average price is $146.53 and its 200-day moving average price is $145.43. The stock has a market capitalization of $569.12 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 0.61 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data 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. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.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 business earned $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities analysts predict that ExxonMobil Corporation will post 11.64 earnings per share for the current year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

Analyst Ratings Changes

XOM has been the subject of a number of analyst reports. TD Cowen reduced their price objective on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. HSBC increased their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a report on Friday, March 20th. JPMorgan Chase & Co. raised their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. UBS Group boosted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Mizuho cut their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.45.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Exxon signaled a stronger-than-expected Q2 earnings backdrop, with higher crude prices and improved refining/upstream margins expected to lift results. Strong Commodity Tailwinds Poised to Boost XOM’s Q2 Results
• Positive Sentiment: The company updated Q2 earnings considerations, and multiple reports said the new outlook points to a potentially large profit windfall, with some estimates rising to around $5 billion in quarterly earnings lift. Exxon Mobil updates Q2 earnings considerations, cites impacts across key businesses
• Positive Sentiment: ExxonMobil and partners committed about $1 billion to Nigeria’s Usan Infill Project, which could add roughly 40,000 barrels per day of production and strengthen future output growth. ExxonMobil to invest $1 billion in Nigeria’s oilfield, regulator says

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.