Vest Financial LLC reduced its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 534,725 shares of the oil and gas company's stock after selling 153,409 shares during the quarter. ExxonMobil accounts for about 0.8% of Vest Financial LLC's investment portfolio, making the stock its 21st largest holding. Vest Financial LLC's holdings in ExxonMobil were worth $64,349,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Wealthfront Advisers LLC increased its holdings in shares of ExxonMobil by 7.5% in the fourth quarter. Wealthfront Advisers LLC now owns 463,041 shares of the oil and gas company's stock worth $55,722,000 after acquiring an additional 32,469 shares in the last quarter. Torren Management LLC bought a new stake in shares of ExxonMobil in the fourth quarter worth about $357,000. Ares Financial Consulting LLC bought a new stake in shares of ExxonMobil in the fourth quarter worth about $412,000. Exencial Wealth Advisors LLC increased its holdings in shares of ExxonMobil by 0.4% in the fourth quarter. Exencial Wealth Advisors LLC now owns 33,102 shares of the oil and gas company's stock worth $3,983,000 after acquiring an additional 129 shares in the last quarter. Finally, Eagle Wealth Advisors LLC bought a new stake in shares of ExxonMobil in the fourth quarter worth about $314,000. 61.80% of the stock is currently owned by institutional investors.
ExxonMobil Stock Down 0.1%
NYSE:XOM opened at $154.53 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.15. The stock has a 50-day simple moving average of $154.98 and a 200 day simple moving average of $134.93. The company has a market cap of $642.29 billion, a PE ratio of 23.10, a PEG ratio of 0.70 and a beta of 0.29. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41.
ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. ExxonMobil had a return on equity of 11.21% and a net margin of 8.68%.The business's revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. On average, sell-side analysts expect that ExxonMobil Corporation will post 11.18 EPS for the current fiscal year.
Key Headlines Impacting ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on XOM shares. BMO Capital Markets restated a "market perform" rating and issued a $155.00 price target on shares of ExxonMobil in a report on Wednesday, February 4th. Piper Sandler decreased their price objective on ExxonMobil from $186.00 to $182.00 and set an "overweight" rating for the company in a report on Thursday, April 9th. Bank of America increased their price objective on ExxonMobil from $135.00 to $151.00 and gave the stock a "neutral" rating in a report on Monday, March 2nd. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a "neutral" rating in a report on Friday, April 17th. Finally, Loop Capital set a $123.00 price objective on ExxonMobil in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $161.55.
Get Our Latest Stock Analysis on XOM
Insiders Place Their Bets
In other ExxonMobil news, VP Darrin L. Talley sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 23,584 shares in the company, valued at $3,295,864. This trade represents a 17.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 11,460 shares of company stock valued at $1,687,854 in the last ninety days. 0.03% of the stock is owned by company insiders.
ExxonMobil Profile
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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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