Envestnet Portfolio Solutions Inc. Buys 56,393 Shares of ExxonMobil Corporation $XOM

Key Points

• Envestnet Portfolio Solutions increased its ExxonMobil stake by 26.5% in the fourth quarter, buying 56,393 additional shares and bringing its total holdings to 269,143 shares worth about $32.4 million.
• ExxonMobil reported better-than-expected quarterly earnings, posting $1.16 EPS versus the $0.98 consensus and revenue of $83.16 billion, while also guiding toward full-year earnings of about 11.5 per share.
• The company declared a quarterly dividend of $1.03 per share payable June 10, and the stock was trading near $160.20 amid analyst sentiment that remains broadly positive with a consensus rating of Moderate Buy.

Envestnet Portfolio Solutions Inc. boosted its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,143 shares of the oil and gas company's stock after purchasing an additional 56,393 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in ExxonMobil were worth $32,389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Midwest Capital Advisors LLC bought a new position in shares of ExxonMobil during the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC purchased a new stake in ExxonMobil during the fourth quarter valued at $28,000. Nvest Wealth Strategies Inc. purchased a new stake in ExxonMobil during the fourth quarter valued at $32,000. Finally, DecisionPoint Financial LLC lifted its holdings in ExxonMobil by 968.0% in the fourth quarter. DecisionPoint Financial LLC now owns 267 shares of the oil and gas company's stock valued at $32,000 after acquiring an additional 242 shares during the period. Hedge funds and other institutional investors own 61.80% of the company's stock.

Insider Activity

In other news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company's stock, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

ExxonMobil Stock Up 1.4%

NYSE XOM opened at $160.20 on Tuesday. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $664.01 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 0.69 and a beta of 0.19. The stock's 50-day moving average price is $155.23 and its 200-day moving average price is $137.92.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.18. The company 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%.The firm's revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. On average, equities research analysts predict that ExxonMobil Corporation will post 11.5 earnings per share for the current year.

ExxonMobil Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein cut their price target on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a research note on Monday, May 11th. Bank of America increased their price objective on shares of ExxonMobil from $135.00 to $151.00 and gave the stock a "neutral" rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. boosted their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday, April 9th. UBS Group upped their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the company a "buy" rating in a report on Monday, May 4th. Finally, TD Cowen decreased their price target on shares of ExxonMobil from $175.00 to $172.00 and set a "buy" rating on the stock in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, ExxonMobil has an average rating of "Moderate Buy" and a consensus price target of $163.95.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is benefiting from stronger crude prices, which improve upstream profitability and boost investor sentiment toward the stock. ExxonMobil Stock Analysis: Buy or Sell?
• Positive Sentiment: The company’s strong first-quarter results and analyst attention are keeping momentum in the shares, suggesting the latest move is supported by earnings strength rather than only short-term trading. Exxon Mobil (XOM) Valuation Check As Legal Win And Strong Q1 Meet Rising Crude Prices
• Positive Sentiment: A Texas jury clearing ExxonMobil of investor fraud claims removes a major legal overhang and may improve the market’s view of risk around the stock. Exxon Mobil (XOM) Valuation Check As Legal Win And Strong Q1 Meet Rising Crude Prices
• Neutral Sentiment: ExxonMobil is also drawing increased investor and analyst attention, but these reports do not add new business developments by themselves. Exxon Mobil Corporation (XOM) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Proxy adviser opposition to Exxon’s move to Texas could create governance controversy and keep some pressure on the stock if the issue escalates. Opinion | The Proxy Advisers Strike Back

ExxonMobil Company 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.

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