ExxonMobil Corporation $XOM Shares Sold by Bogart Wealth LLC

Bogart Wealth LLC lessened its position in ExxonMobil Corporation (NYSE:XOM) by 12.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,216,193 shares of the oil and gas company’s stock after selling 169,144 shares during the period. ExxonMobil comprises about 8.0% of Bogart Wealth LLC’s portfolio, making the stock its largest holding. Bogart Wealth LLC’s holdings in ExxonMobil were worth $206,339,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Capital Investment Advisors LLC grew its stake in shares of ExxonMobil by 6.6% in the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after purchasing an additional 14,233 shares during the last quarter. Roberts Capital Advisors LLC bought a new position in ExxonMobil during the 3rd quarter worth $1,240,000. Sanctuary Advisors LLC raised its position in ExxonMobil by 2.3% during the 4th quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after purchasing an additional 23,668 shares during the last quarter. Clear Trail Advisors LLC acquired a new position in ExxonMobil during the 4th quarter worth about $28,728,000. Finally, CIBC Bancorp USA Inc. acquired a new position in ExxonMobil during the 3rd quarter worth about $67,907,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Down 2.7%

Shares of NYSE:XOM opened at $137.31 on Friday. The company has a market capitalization of $569.12 billion, a price-to-earnings ratio of 23.15, a P/E/G 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. The business’s 50-day moving average is $146.53 and its 200-day moving average is $145.43. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41.

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 the consensus estimate 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 return on equity of 10.24% and a net margin of 7.57%.The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. Equities research 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XOM. Piper Sandler decreased their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Bank of America raised ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Tuesday, June 16th. Citigroup reiterated a “neutral” rating on shares of ExxonMobil in a report on Wednesday. HSBC increased their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Finally, Scotiabank boosted their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.45.

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.