Wealthfront Advisers LLC increased its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 463,041 shares of the oil and gas company's stock after buying an additional 32,469 shares during the quarter. Wealthfront Advisers LLC's holdings in ExxonMobil were worth $55,722,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Northern Trust Corp grew its holdings in shares of ExxonMobil by 1.0% during the third quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company's stock worth $4,963,934,000 after buying an additional 445,283 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of ExxonMobil by 7.4% during the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company's stock worth $4,366,655,000 after buying an additional 2,660,910 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of ExxonMobil by 0.4% during the third quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company's stock worth $3,790,773,000 after buying an additional 127,466 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of ExxonMobil by 1.1% during the third quarter. Fisher Asset Management LLC now owns 31,194,493 shares of the oil and gas company's stock worth $3,517,179,000 after buying an additional 340,785 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of ExxonMobil by 4.5% during the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company's stock worth $2,299,687,000 after buying an additional 886,087 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company's stock.
ExxonMobil Price Performance
Shares of NYSE:XOM opened at $154.53 on Friday. The business's 50 day simple moving average is $154.98 and its 200-day simple moving average is $134.93. The firm has a market capitalization of $642.29 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 0.70 and a beta of 0.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.15 and a quick ratio of 0.79. 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 announced its quarterly earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.63 by $0.08. The business had revenue of $80.04 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $1.67 EPS. As a group, equities analysts forecast that ExxonMobil Corporation will post 11.18 earnings per share for the current fiscal year.
Insider Activity at ExxonMobil
In other news, VP Darrin L. Talley sold 1,080 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares of the company's stock, valued at $2,662,782. The trade was a 5.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. 0.03% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms recently issued reports on XOM. Jefferies Financial Group raised their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Loop Capital set a $123.00 price objective on ExxonMobil in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of ExxonMobil in a report on Friday, April 10th. Barclays lifted their price objective on ExxonMobil from $145.00 to $163.00 and gave the company an "overweight" rating in a report on Monday, March 16th. Finally, Wolfe Research lowered ExxonMobil from an "outperform" rating to a "peer perform" rating in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $161.55.
View Our Latest Stock Report on XOM
Key Stories Impacting ExxonMobil
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ExxonMobil Company 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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