One Capital Management LLC lifted its holdings in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,881 shares of the oil and gas company’s stock after acquiring an additional 11,381 shares during the quarter. One Capital Management LLC’s holdings in ExxonMobil were worth $17,676,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. ICW Investment Advisors LLC lifted its holdings in shares of ExxonMobil by 0.3% during the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after acquiring an additional 69 shares in the last quarter. Peoples Bank OH lifted its holdings in shares of ExxonMobil by 0.5% during the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after acquiring an additional 71 shares in the last quarter. Paulson Wealth Management Inc. lifted its holdings in shares of ExxonMobil by 1.0% during the 4th quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock valued at $887,000 after acquiring an additional 72 shares in the last quarter. Peirce Capital Management LLC lifted its holdings in shares of ExxonMobil by 1.7% during the 4th quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock valued at $516,000 after acquiring an additional 72 shares in the last quarter. Finally, Studio Investment Management LLC lifted its holdings in shares of ExxonMobil by 0.8% during the 4th quarter. Studio Investment Management LLC now owns 8,698 shares of the oil and gas company’s stock valued at $1,047,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. BMO Capital Markets restated a “market perform” rating and set a $155.00 target price on shares of ExxonMobil in a report on Wednesday, February 4th. TD Cowen reduced their target price on shares of ExxonMobil from $175.00 to $172.00 and set a “buy” rating on the stock in a report on Friday, April 10th. UBS Group boosted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Loop Capital set a $123.00 price objective on shares of ExxonMobil in a report on Tuesday, February 3rd. Finally, Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil has a consensus rating of “Hold” and a consensus price target of $165.55.
ExxonMobil News Summary
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Oil prices jumped as Iran suspended nuclear talks and Middle East tensions escalated, boosting ExxonMobil along with the broader energy sector. Exxon’s Stock Is on Track to Snap a 7-Day Losing Streak. What’s Lifting the Oil Sector.
- Positive Sentiment: Oil market supply concerns intensified after reports of potential disruptions in the Middle East, which could support higher crude prices and improve ExxonMobil’s upstream earnings. Oil prices jump after US and Iran exchange strikes; Exxon exec warns inventories could reach ‘unheard of’ lows
- Positive Sentiment: ExxonMobil shares gained on a crude rally triggered by Iran suspending talks, with Brent and WTI prices both moving sharply higher. ExxonMobil (XOM) Stock Jumps Nearly 3% on Crude Rally Triggered by Iran Diplomatic Freeze
- Neutral Sentiment: Analysts turned more constructive on ExxonMobil, including a higher price target from Mizuho, which may help sentiment but does not change near-term fundamentals. Analysts Get Bullish on Exxon Mobil (XOM)
- Neutral Sentiment: Some articles framed ExxonMobil as a top oil stock amid the conflict, reinforcing the bullish narrative for XOM but offering no new company-specific catalyst. This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War
ExxonMobil Stock Performance
Shares of XOM stock opened at $148.83 on Tuesday. The firm has a market capitalization of $616.88 billion, a P/E ratio of 25.10, a P/E/G ratio of 0.63 and a beta of 0.19. The company’s fifty day moving average price is $154.85 and its two-hundred day moving average price is $140.51. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. ExxonMobil Corporation has a 12 month low of $101.73 and a 12 month high of $176.41.
ExxonMobil (NYSE:XOM – Get Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.76 EPS. On average, research analysts anticipate that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.
ExxonMobil Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.
Insider Activity
In other news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.
ExxonMobil Company 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.
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