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ExxonMobil Corporation $XOM Stock Position Decreased by Sageworth Trust Co

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Key Points

  • Sageworth Trust Co cut its stake in ExxonMobil by 57.9% in Q4, selling 7,103 shares and finishing the period with 5,170 shares worth about $622,000.
  • Analysts have grown more positive—JPMorgan, Citigroup and Argus raised price targets (examples: JPM $170, Citi $175, Argus $169) and MarketBeat's average target is $161.70—while Exxon posted a Q1 earnings beat, is running large buybacks and declared a $1.03 quarterly dividend (yield ~2.8%).
  • Other institutions largely added to positions (e.g., Eclectic Associates +32.3%), leaving institutional ownership at 61.8%, even though insiders have made modest sales (6,460 shares over the past 90 days).
  • Five stocks we like better than ExxonMobil.

Sageworth Trust Co lessened its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 57.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,170 shares of the oil and gas company's stock after selling 7,103 shares during the period. Sageworth Trust Co's holdings in ExxonMobil were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Eclectic Associates Inc. ADV boosted its stake in ExxonMobil by 32.3% during the 4th quarter. Eclectic Associates Inc. ADV now owns 17,355 shares of the oil and gas company's stock valued at $2,088,000 after purchasing an additional 4,239 shares during the period. Retirement Planning Group LLC boosted its stake in ExxonMobil by 0.6% during the 4th quarter. Retirement Planning Group LLC now owns 35,625 shares of the oil and gas company's stock valued at $4,287,000 after purchasing an additional 214 shares during the period. WealthShield Partners LLC boosted its stake in ExxonMobil by 3.5% during the 4th quarter. WealthShield Partners LLC now owns 12,018 shares of the oil and gas company's stock valued at $1,446,000 after purchasing an additional 411 shares during the period. Morton Capital Management LLC CA boosted its stake in ExxonMobil by 7.4% during the 4th quarter. Morton Capital Management LLC CA now owns 9,388 shares of the oil and gas company's stock valued at $1,130,000 after purchasing an additional 645 shares during the period. Finally, D.B. Root & Company LLC boosted its stake in ExxonMobil by 2.1% during the 4th quarter. D.B. Root & Company LLC now owns 15,390 shares of the oil and gas company's stock valued at $1,852,000 after purchasing an additional 316 shares during the period. Institutional investors own 61.80% of the company's stock.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of analyst reports. BMO Capital Markets reissued a "market perform" rating and set a $155.00 target price on shares of ExxonMobil in a research note on Wednesday, February 4th. JPMorgan Chase & Co. boosted their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, April 9th. Citigroup boosted their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, April 2nd. Mizuho upped their price objective on shares of ExxonMobil from $140.00 to $162.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. Finally, Zacks Research upgraded shares of ExxonMobil from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $161.70.

Read Our Latest Analysis on ExxonMobil

Insiders Place Their Bets

In other ExxonMobil 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 6,460 shares of company stock valued at $989,104. 0.03% of the stock is owned by corporate insiders.

ExxonMobil Stock Performance

XOM stock opened at $146.47 on Friday. 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 firm has a 50 day moving average of $155.04 and a two-hundred day moving average of $136.06. The company has a market capitalization of $607.11 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 0.65 and a beta of 0.19. ExxonMobil Corporation has a 12 month low of $101.18 and a 12 month high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (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 the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS. As a group, equities analysts anticipate that ExxonMobil Corporation will post 11.44 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. ExxonMobil's dividend payout ratio is 69.48%.

ExxonMobil 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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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