VCI Wealth Management LLC Sells 5,252 Shares of ExxonMobil Corporation $XOM

VCI Wealth Management LLC lessened its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 18.7% during the first quarter, HoldingsChannel.com reports. The firm owned 22,784 shares of the oil and gas company’s stock after selling 5,252 shares during the quarter. ExxonMobil makes up about 1.1% of VCI Wealth Management LLC’s holdings, making the stock its 20th biggest holding. VCI Wealth Management LLC’s holdings in ExxonMobil were worth $3,865,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in XOM. Capital Investment Advisors LLC increased its position 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 period. Roberts Capital Advisors LLC bought a new stake in ExxonMobil during the third quarter worth about $1,240,000. Grantham Mayo Van Otterloo & Co. LLC grew its stake in ExxonMobil by 9.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 410,046 shares of the oil and gas company’s stock worth $46,233,000 after buying an additional 33,950 shares in the last quarter. Sanctuary Advisors LLC grew its stake in ExxonMobil by 2.3% during the fourth quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock worth $126,166,000 after buying an additional 23,668 shares in the last quarter. Finally, Clear Trail Advisors LLC bought a new position in ExxonMobil in the 4th quarter valued at about $28,728,000. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the subject of several analyst reports. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Friday, April 17th. Citigroup boosted their price target on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Mizuho lifted their target price on ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. UBS Group raised their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Piper Sandler decreased their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.55.

ExxonMobil Price Performance

XOM stock opened at $136.14 on Tuesday. The company has a market capitalization of $564.28 billion, a P/E ratio of 22.96, a PEG ratio of 0.58 and a beta of 0.16. The company has a fifty day moving average price of $148.28 and a 200-day moving average price of $144.29. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share. As a group, equities analysts expect that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Announces Dividend

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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is 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.