Greenwood Capital Associates LLC Grows Stock Holdings in ExxonMobil Corporation $XOM

Greenwood Capital Associates LLC grew its stake in ExxonMobil Corporation (NYSE:XOM) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,481 shares of the oil and gas company’s stock after acquiring an additional 5,856 shares during the period. Greenwood Capital Associates LLC’s holdings in ExxonMobil were worth $8,132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenleaf Trust grew its stake in ExxonMobil by 0.4% in the second quarter. Greenleaf Trust now owns 109,525 shares of the oil and gas company’s stock worth $14,974,000 after purchasing an additional 427 shares in the last quarter. New Mexico Educational Retirement Board raised its position in ExxonMobil by 5.2% during the 2nd quarter. New Mexico Educational Retirement Board now owns 207,853 shares of the oil and gas company’s stock valued at $28,418,000 after purchasing an additional 10,200 shares in the last quarter. Manchester Financial Inc. lifted its holdings in shares of ExxonMobil by 2.2% in the 2nd quarter. Manchester Financial Inc. now owns 7,482 shares of the oil and gas company’s stock worth $1,023,000 after buying an additional 160 shares during the period. Mufg Securities Americas Inc. grew its position in shares of ExxonMobil by 8.0% during the 2nd quarter. Mufg Securities Americas Inc. now owns 124,840 shares of the oil and gas company’s stock worth $17,068,000 after buying an additional 9,229 shares in the last quarter. Finally, Nissay Asset Management Corp Japan increased its stake in shares of ExxonMobil by 2.7% during the second quarter. Nissay Asset Management Corp Japan now owns 563,430 shares of the oil and gas company’s stock valued at $77,032,000 after buying an additional 14,759 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 0.3%

NYSE:XOM opened at $156.88 on Friday. The stock has a market capitalization of $650.26 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 0.62 and a beta of 0.17. ExxonMobil Corporation has a 52 week low of $108.35 and a 52 week high of $176.41. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $150.53 and a 200 day moving average of $151.87.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The firm had revenue of $114.53 billion during the quarter, compared to analysts’ expectations of $109.94 billion. During the same period in the prior year, the firm posted $1.64 earnings per share. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 17th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, August 17th. ExxonMobil’s payout ratio is 53.02%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on XOM shares. HSBC set a $158.00 target price on shares of ExxonMobil in a report on Monday, August 3rd. DZ Bank downgraded shares of ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 price objective on the stock. in a research note on Tuesday, August 4th. Morgan Stanley lifted their price target on ExxonMobil from $168.00 to $177.00 and gave the company an “overweight” rating in a report on Wednesday, August 19th. Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Finally, Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $166.10.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I’m Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil’s Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

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.