Third View Private Wealth LLC Makes New Investment in ExxonMobil Corporation $XOM

Third View Private Wealth LLC purchased a new position in shares of ExxonMobil Corporation (NYSE:XOMFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 60,227 shares of the oil and gas company’s stock, valued at approximately $7,248,000. ExxonMobil accounts for about 1.0% of Third View Private Wealth LLC’s portfolio, making the stock its 22nd biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Westfuller Advisors LLC acquired a new position in ExxonMobil during the 3rd quarter worth $30,000. Clayton Financial Group LLC acquired a new position in ExxonMobil during the 3rd quarter worth $40,000. TruNorth Capital Management LLC boosted its position in ExxonMobil by 1,595.2% during the 3rd quarter. TruNorth Capital Management LLC now owns 356 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 335 shares during the period. Halbert Hargrove Global Advisors LLC increased its position in shares of ExxonMobil by 95.8% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 370 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 181 shares during the period. Finally, Marquette Asset Management LLC increased its position in shares of ExxonMobil by 307.0% during the 3rd quarter. Marquette Asset Management LLC now owns 407 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 307 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $149.18 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.15 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $620.08 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 0.90 and a beta of 0.29. The stock’s fifty day simple moving average is $154.93 and its 200 day simple moving average is $132.23. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to analysts’ expectations of $77.98 billion. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. As a group, sell-side analysts forecast that ExxonMobil Corporation will post 7.43 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, February 12th. ExxonMobil’s payout ratio is presently 61.58%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank Of Canada lifted their price target on ExxonMobil from $160.00 to $180.00 and gave the company a “sector perform” rating in a research report on Thursday, April 9th. Morgan Stanley lifted their price target on ExxonMobil from $134.00 to $172.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Jefferies Financial Group lifted their price target on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of ExxonMobil in a research report on Friday, April 10th. Finally, HSBC lifted their price target on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.20.

Check Out Our Latest Stock Analysis on XOM

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

Insider Activity

In related news, VP Darrin L. Talley sold 5,000 shares of ExxonMobil stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $139.75, for a total value of $698,750.00. Following the transaction, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. The trade was a 17.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 11,460 shares of company stock valued at $1,687,854. Insiders own 0.03% of the company’s stock.

About ExxonMobil

(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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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