Titan Wealth CI Ltd Takes Position in ExxonMobil Corporation $XOM

Titan Wealth CI Ltd acquired a new position in ExxonMobil Corporation (NYSE:XOM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,551 shares of the oil and gas company’s stock, valued at approximately $10,054,000. ExxonMobil accounts for approximately 3.9% of Titan Wealth CI Ltd’s investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of ExxonMobil during the 4th quarter worth about $7,625,063,000. Bank of New York Mellon Corp boosted its holdings in shares of ExxonMobil by 1.2% in the fourth quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock valued at $5,608,488,000 after acquiring an additional 531,362 shares in the last quarter. Northern Trust Corp increased its stake 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 valued at $4,963,934,000 after acquiring an additional 445,283 shares during the period. Franklin Resources Inc. raised its holdings in 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 purchasing an additional 2,660,910 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in ExxonMobil by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company’s stock worth $4,102,708,000 after purchasing an additional 293,446 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 0.5%

Shares of NYSE:XOM opened at $141.64 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The stock has a market capitalization of $587.08 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 0.60 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The company has a 50 day moving average price of $151.31 and a 200 day moving average price of $142.92.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the prior year, the company earned $1.76 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, research analysts anticipate that ExxonMobil Corporation will post 11.8 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. ExxonMobil’s payout ratio is 69.48%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Jefferies Financial Group boosted their price objective on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Tuesday. Morgan Stanley decreased their target price on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Finally, Weiss Ratings lowered ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.70.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Bank of America upgraded ExxonMobil to Buy from Neutral and set a $154 price target, signaling confidence that the stock is undervalued after its recent pullback. Exxon raised to Buy at BofA as undervalued after recent pullback
• Positive Sentiment: ExxonMobil signed a preliminary deal to supply LNG to South Africa’s first planned import terminal, expanding its gas business and adding another potential long-term growth outlet. Exxon Mobil signs deal to supply South Africa’s first planned LNG terminal
• Positive Sentiment: Exxon is moving ahead with a proposed 35-well exploration campaign in Guyana’s Stabroek block, which could support future reserve growth and production expansion. Exxon applies for additional 35-well exploration campaign in Guyana’s Stabroek block
• Neutral Sentiment: Brokerage coverage remains broadly favorable, with consensus sentiment around “Moderate Buy”, suggesting Wall Street still sees upside but not an aggressive near-term catalyst. ExxonMobil Corporation (NYSE:XOM) Given Consensus Rating of “Moderate Buy” by Brokerages
• Negative Sentiment: Oil prices have fallen back below $80, which could pressure ExxonMobil’s near-term earnings and free cash flow if the weaker crude environment persists. Oil Prices Fall Below $80. Why That Could Make Exxon a Buy.
• Negative Sentiment: Broader energy-sector weakness and lower crude prices are weighing on the group, which can cap upside for upstream names like Exxon even when company-specific news is positive. Sector Update: Energy Stocks Decline Pre-Bell Tuesday

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.