ExxonMobil Corporation $XOM Shares Bought by Rational Advisors Inc.

Rational Advisors Inc. raised its position in ExxonMobil Corporation (NYSE:XOMFree Report) by 113.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,699 shares of the oil and gas company’s stock after purchasing an additional 7,814 shares during the period. Rational Advisors Inc.’s holdings in ExxonMobil were worth $1,769,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC increased its holdings in ExxonMobil by 7.9% in the fourth quarter. Bruce G. Allen Investments LLC now owns 5,732 shares of the oil and gas company’s stock valued at $690,000 after buying an additional 419 shares in the last quarter. Rice Partnership LLC increased its holdings in ExxonMobil by 2.2% in the fourth quarter. Rice Partnership LLC now owns 7,232 shares of the oil and gas company’s stock valued at $870,000 after buying an additional 155 shares in the last quarter. Kesler Norman & Wride LLC increased its holdings in ExxonMobil by 17.8% in the fourth quarter. Kesler Norman & Wride LLC now owns 36,283 shares of the oil and gas company’s stock valued at $4,366,000 after buying an additional 5,488 shares in the last quarter. Sequent Asset Management LLC increased its holdings in ExxonMobil by 7.4% in the fourth quarter. Sequent Asset Management LLC now owns 15,274 shares of the oil and gas company’s stock valued at $1,838,000 after buying an additional 1,053 shares in the last quarter. Finally, SCP Investment LP purchased a new position in ExxonMobil in the fourth quarter valued at $1,226,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Transactions at ExxonMobil

In related 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 transaction of $167,940.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Jefferies Financial Group lifted their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Morgan Stanley cut their price objective on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Loop Capital set a $123.00 target price on shares of ExxonMobil in a research note on Tuesday, February 3rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research note on Tuesday, May 5th. Ten equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $165.55.

Read Our Latest Report on XOM

ExxonMobil Stock Up 0.3%

XOM stock opened at $149.78 on Wednesday. The stock has a market capitalization of $620.84 billion, a P/E ratio of 25.26, a P/E/G ratio of 0.65 and a beta of 0.16. The firm has a 50-day simple moving average of $154.85 and a 200-day simple moving average of $140.51. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 52 week low of $101.73 and a 52 week high of $176.41.

ExxonMobil (NYSE:XOMGet Free Report) 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 business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.76 earnings per share. Equities analysts forecast that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm 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 dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

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ExxonMobil Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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