Leuthold Group LLC Acquires Shares of 6,774 ExxonMobil Corporation $XOM

Leuthold Group LLC acquired a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the 4th quarter, HoldingsChannel reports. The firm acquired 6,774 shares of the oil and gas company’s stock, valued at approximately $815,000.

Several other institutional investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System lifted its position in ExxonMobil by 2.6% during the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after purchasing an additional 5,573 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in ExxonMobil by 6.6% during the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after acquiring an additional 14,233 shares during the period. New Age Alpha Advisors LLC raised its holdings in ExxonMobil by 5.6% during the third quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock valued at $18,778,000 after acquiring an additional 8,853 shares during the period. HORAN Wealth LLC raised its holdings in ExxonMobil by 78.3% during the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after acquiring an additional 5,788 shares during the period. Finally, Krilogy Financial LLC raised its holdings in ExxonMobil by 46.6% during the third quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock valued at $3,997,000 after acquiring an additional 11,177 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. The trade was a 5.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Key Stories Impacting ExxonMobil

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

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $155.00 price target on shares of ExxonMobil in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of ExxonMobil in a report on Friday, April 10th. TD Cowen decreased their price target on ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Loop Capital set a $123.00 price target on ExxonMobil in a report on Tuesday, February 3rd. Finally, Citigroup raised their price target on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.95.

ExxonMobil Price Performance

XOM opened at $157.72 on Monday. The company has a market capitalization 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. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 year high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The firm’s fifty day moving average price is $155.05 and its two-hundred day moving average price is $137.61.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. As a group, analysts anticipate that ExxonMobil Corporation will post 11.5 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

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.