ExxonMobil Corporation $XOM Shares Sold by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA lessened its position in shares of ExxonMobil Corporation (NYSE:XOM) by 20.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,380 shares of the oil and gas company’s stock after selling 9,389 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in ExxonMobil were worth $6,342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mustico Financial Group Inc. boosted its position in shares of ExxonMobil by 12.1% in the first quarter. Mustico Financial Group Inc. now owns 2,352 shares of the oil and gas company’s stock worth $399,000 after buying an additional 254 shares during the period. Unio Capital LLC purchased a new stake in shares of ExxonMobil during the first quarter valued at approximately $278,000. Aristotle Atlantic Partners LLC lifted its holdings in ExxonMobil by 2.4% in the 1st quarter. Aristotle Atlantic Partners LLC now owns 257,482 shares of the oil and gas company’s stock worth $43,684,000 after buying an additional 6,000 shares in the last quarter. Waverly Advisors LLC lifted its stake in shares of ExxonMobil by 9.0% in the first quarter. Waverly Advisors LLC now owns 355,189 shares of the oil and gas company’s stock worth $60,261,000 after acquiring an additional 29,390 shares in the last quarter. Finally, Asset Management Group Inc. raised its position in shares of ExxonMobil by 28.4% in the 1st quarter. Asset Management Group Inc. now owns 2,926 shares of the oil and gas company’s stock valued at $496,000 after purchasing an additional 648 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s valuation may offer support. One analysis argues that the stock remains discounted based on discounted-cash-flow estimates and market multiples, despite its strong five-year performance and elevated oil prices. ExxonMobil Stock Could Be Cheap on Value Despite a 228% Run
• Positive Sentiment: The company is reportedly shifting new oil investment toward Nigeria and other African markets, potentially expanding its upstream growth opportunities and geographic diversification. Execution, political and operational risks remain considerations. ExxonMobil Is Moving New Oil Spending to Nigeria and Africa
• Neutral Sentiment: ExxonMobil is attracting unusually high investor search interest, which may increase near-term attention but does not itself change the company’s earnings outlook. Investors Heavily Search ExxonMobil
• Neutral Sentiment: ExxonMobil is among the major companies reporting during a particularly busy earnings week. Investors will look for updates on production, refining margins, capital spending and management’s outlook. Earnings Week Ahead
• Neutral Sentiment: Broader equities were mixed as markets awaited the Federal Reserve’s decision and additional earnings reports, leaving macroeconomic uncertainty as an important short-term influence on XOM. Equities Mixed Intraday as Markets Await Fed Decision
• Negative Sentiment: Oil prices fell as easing Middle East tensions reduced the geopolitical risk premium. Lower crude prices can pressure ExxonMobil’s upstream revenue, cash flow and profit expectations, helping explain why the stock weakened even as the broader market gained. Exxon Mobil Shares Fall as Oil Prices Tumble

ExxonMobil Stock Down 1.6%

Shares of ExxonMobil stock opened at $154.50 on Tuesday. 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 1-year low of $105.53 and a 1-year high of $176.41. The business’s fifty day moving average price is $145.80 and its two-hundred day moving average price is $147.84. The company has a market capitalization of $640.42 billion, a P/E ratio of 26.05, a PEG ratio of 0.64 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.76 earnings per share. As a group, research analysts forecast that ExxonMobil Corporation will post 11.55 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

Analysts Set New Price Targets

XOM has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. TD Cowen lowered their price objective on ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Finally, Sanford C. Bernstein cut their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.25.

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.