Flputnam Investment Management Co. Buys 7,254 Shares of ExxonMobil Corporation $XOM

Flputnam Investment Management Co. boosted its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 8.2% in the fourth quarter, HoldingsChannel reports. The firm owned 96,026 shares of the oil and gas company’s stock after purchasing an additional 7,254 shares during the quarter. Flputnam Investment Management Co.’s holdings in ExxonMobil were worth $11,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC increased its stake in shares of ExxonMobil by 6.6% in the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after buying an additional 14,233 shares during the period. New Age Alpha Advisors LLC increased its position in shares of ExxonMobil by 5.6% during the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock valued at $18,778,000 after purchasing an additional 8,853 shares during the last quarter. HORAN Wealth LLC increased its holdings in ExxonMobil by 78.3% in the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after acquiring an additional 5,788 shares during the last quarter. Krilogy Financial LLC grew its holdings in ExxonMobil by 46.6% during the 3rd quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock valued at $3,997,000 after buying an additional 11,177 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co increased its stake in ExxonMobil by 8.6% in the third quarter. Varma Mutual Pension Insurance Co now owns 655,303 shares of the oil and gas company’s stock valued at $73,885,000 after acquiring an additional 51,900 shares during the last quarter. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on XOM. Bank of America lifted their price target on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Jefferies Financial Group increased their target price on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Sanford C. Bernstein dropped their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Loop Capital set a $123.00 price target on ExxonMobil in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.90.

ExxonMobil Trading Down 3.1%

NYSE:XOM opened at $150.18 on Wednesday. The firm has a market cap of $622.49 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 0.68 and a beta of 0.19. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41. The stock has a fifty day moving average price of $155.70 and a 200 day moving average price of $139.67. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $81.13 billion. During the same quarter in the previous year, the company earned $1.76 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is seeking environmental approval for the Haimara gas-condensate project in Guyana’s Stabroek block, a sign of continued expansion in one of its most important growth areas. ExxonMobil seeks environmental approval for new offshore project in Guyana
• Positive Sentiment: Several reports highlighted ExxonMobil as a top high-yield energy name, reinforcing investor interest in its dividend and defensive profile amid market volatility. 5 Top-Ranked High-Yielding Energy Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Occidental Petroleum is taking a 10% stake in ExxonMobil’s offshore Trinidad deepwater block, which validates the project but also signals Exxon is sharing development risk and future upside. Exclusive: Occidental takes 10% stake in Exxon deepwater block offshore Trinidad, sources say
• Neutral Sentiment: Analysts and market commentary continue to frame Exxon as an income and energy-price play, with bullish comparisons tied to higher oil prices and stable cash generation. Oil Above $90: Is ExxonMobil a Better Buy Than ConocoPhillips?
• Negative Sentiment: Energy stocks fell late in the day, and XOM was caught in the sector-wide selloff as investors reacted to softer oil prices and shifting geopolitical headlines. Sector Update: Energy Stocks Fall Late Afternoon
• Negative Sentiment: Oil prices slipped after comments from President Trump that Iran talks were “proceeding nicely,” which weighed on the broader energy complex and likely pressured ExxonMobil shares. USO, UCO, BATL, XOM Slip: Oil Dips Below $100 After Trump Says Iran Talks ‘Proceeding Nicely’

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 2,150 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. The trade was a 10.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.03% of the company’s stock.

About ExxonMobil

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.