55 North Private Wealth LLC Takes $1.26 Million Position in ExxonMobil Corporation $XOM

Key Points

• 55 North Private Wealth LLC bought a new stake of 10,495 ExxonMobil shares in the fourth quarter valued at approximately $1.26 million.
• ExxonMobil has a MarketBeat consensus rating of Moderate Buy with a consensus price target of $161.55, and several brokers recently raised targets (e.g., RBC to $180, JPM to $170); institutional investors own about 61.8% of the stock.
• The company beat quarterly estimates (EPS $1.71 vs. $1.63), pays a quarterly dividend of $1.03 (annualized $4.12, ~2.7% yield), and has near-term growth catalysts including the start of Golden Pass LNG exports and a $150M contract advancing the Guyana Longtail development.

55 North Private Wealth LLC bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 10,495 shares of the oil and gas company's stock, valued at approximately $1,263,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in XOM. Northern Trust Corp lifted its holdings in ExxonMobil by 1.0% during the 3rd 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 in the last quarter. Franklin Resources Inc. lifted its stake 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 valued at $4,366,655,000 after acquiring an additional 2,660,910 shares during the period. Capital Research Global Investors lifted its stake 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 valued at $3,790,773,000 after acquiring an additional 127,466 shares during the period. Fisher Asset Management LLC boosted its holdings in ExxonMobil by 1.1% in the third quarter. Fisher Asset Management LLC now owns 31,194,493 shares of the oil and gas company's stock valued at $3,517,179,000 after acquiring an additional 340,785 shares during the last quarter. Finally, Legal & General Group Plc increased its position in ExxonMobil by 4.5% in 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 purchasing an additional 886,087 shares during the period. Institutional investors own 61.80% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on XOM. Royal Bank Of Canada boosted their price objective on ExxonMobil from $160.00 to $180.00 and gave the stock a "sector perform" rating in a report on Thursday, April 9th. Piper Sandler lowered their price target on shares of ExxonMobil from $186.00 to $182.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. Sanford C. Bernstein dropped their price target on shares of ExxonMobil from $142.00 to $137.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. JPMorgan Chase & Co. increased their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of ExxonMobil in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, ExxonMobil presently has a consensus rating of "Moderate Buy" and a consensus price target of $161.55.

ExxonMobil Stock Up 0.7%

ExxonMobil stock opened at $150.61 on Friday. The firm has a market capitalization of $626.01 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 0.76 and a beta of 0.29. The company's 50 day simple moving average is $154.74 and its 200 day simple moving average is $133.61. 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 fifty-two week low of $101.18 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its earnings results on Friday, January 30th. The oil and gas company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.63 by $0.08. The firm had revenue of $80.04 billion during the quarter, compared to the consensus estimate of $77.98 billion. ExxonMobil had a net margin of 8.68% and a return on equity of 11.21%. The business's quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 earnings per share. As a group, sell-side analysts anticipate that ExxonMobil Corporation will post 9.94 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Thursday, February 12th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, February 12th. ExxonMobil's dividend payout ratio (DPR) is presently 61.58%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Golden Pass LNG begins exports — Exxon and QatarEnergy shipped the first LNG cargo from the Golden Pass export terminal in Texas, marking the start of commercial exports from a ~18.1 mtpa, three‑train facility and supporting long‑term LNG revenue growth and market share in U.S. gas exports. Read More.
• Positive Sentiment: Guyana Longtail work advances — ExxonMobil awarded Saipem a $150M contract to advance preliminary detailed engineering and procurement for the Longtail development in Guyana, indicating continued capex deployment and near‑term production growth from a high‑return basin. Read More.
• Positive Sentiment: Analyst upgrades and price‑target lift — Zacks upgraded XOM to a "strong‑buy" and Scotiabank raised its price target to $163 (sector outperform), improving sentiment and potentially attracting more buy‑side interest. Read More. Read More.
• Positive Sentiment: Plastics pricing tailwind — Exxon is among firms hiking plastics prices amid supply shocks tied to geopolitical tensions; higher downstream pricing can boost margins and cash flow in the chemicals business. Read More.
• Positive Sentiment: Potential new upstream contracts in Gabon — Gabon expects to sign production‑sharing contracts with BP and Exxon within months, signaling more exploration/development upside in Africa if deals close. Read More.
• Neutral Sentiment: Possible Hong Kong retail sale — Reports say Exxon is considering selling its Hong Kong gas‑station network for roughly $500–$600M; proceeds would be modest versus company scale but could reflect portfolio optimization. Read More.
• Neutral Sentiment: Featured in investor idea pieces — XOM appears in "high‑flying" and income‑focused writeups and options income strategies; these can boost retail interest but are not fundamental catalysts. Read More.

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the transaction, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 11,460 shares of company stock worth $1,687,854. Company insiders own 0.03% of the company's stock.

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.

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