Capital Financial Group Inc. Co. ADV Makes New $1.89 Million Investment in ExxonMobil Corporation $XOM

Key Points

• Capital Financial Group opened a new position in ExxonMobil during the fourth quarter, buying 15,698 shares worth about $1.89 million. ExxonMobil now makes up 1.1% of the firm’s portfolio and is its 25th-largest holding.
• Other institutional investors also increased or initiated stakes in XOM, and 61.8% of the stock is held by institutions and hedge funds. That points to continued strong interest from large investors.
• Wall Street remains cautious overall: analysts have a consensus rating of “Hold” on ExxonMobil with a consensus price target of $165.55, even as the company recently beat quarterly EPS and revenue estimates and paid a quarterly dividend of $1.03 per share.

Capital Financial Group Inc. Co. ADV acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,698 shares of the oil and gas company's stock, valued at approximately $1,889,000. ExxonMobil comprises 1.1% of Capital Financial Group Inc. Co. ADV's investment portfolio, making the stock its 25th biggest holding.

Several other institutional investors also recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. boosted its position in ExxonMobil by 18.5% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 54,640 shares of the oil and gas company's stock worth $6,575,000 after acquiring an additional 8,512 shares during the last quarter. LFG Wealth Partners LLC bought a new stake in ExxonMobil in the 4th quarter valued at $894,000. Tobias Financial Advisors Inc. increased its position in ExxonMobil by 8.5% during the 4th quarter. Tobias Financial Advisors Inc. now owns 4,504 shares of the oil and gas company's stock worth $542,000 after buying an additional 351 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its position in ExxonMobil by 8.5% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 15,180 shares of the oil and gas company's stock worth $1,827,000 after buying an additional 1,190 shares during the period. Finally, Twin City Private Wealth LLC increased its position in ExxonMobil by 1.0% during the 4th quarter. Twin City Private Wealth LLC now owns 21,500 shares of the oil and gas company's stock worth $2,587,000 after buying an additional 222 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on XOM. Citigroup increased their target price on ExxonMobil from $150.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, April 2nd. HSBC lifted their price target on ExxonMobil from $135.00 to $158.00 and gave the company a "hold" rating in a research note on Friday, March 20th. Sanford C. Bernstein cut their price target on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a research note on Monday, May 11th. Jefferies Financial Group raised their price objective on ExxonMobil from $178.00 to $184.00 and gave the stock a "buy" rating in a research report on Thursday, April 9th. Finally, Mizuho raised their price objective on ExxonMobil from $159.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil currently has a consensus rating of "Hold" and a consensus price target of $165.55.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil applied for environmental authorization for a 35-well exploration campaign offshore Guyana, signaling continued investment in one of its most important long-term growth areas. Exxon Mobil seeks environmental permit for exploration in offshore Guyana
• Positive Sentiment: Analysts noted that stronger oil prices could still boost ExxonMobil’s energy business because its low-cost Permian and Guyana assets are well positioned to benefit in a favorable crude market. Will Strong Oil Prices Boost ExxonMobil's Energy Business?
• Neutral Sentiment: Reports that ExxonMobil is weighing an early-stage bid for Woodside Energy were followed by Woodside denying any takeover talks, making the M&A speculation unclear for investors. ExxonMobil weighs early stage bid for Woodside Energy Group
• Negative Sentiment: ExxonMobil stock fell as the broader market rose, reflecting a sector-specific selloff tied to weaker oil prices and reduced optimism for near-term energy earnings. Exxon Mobil (XOM) Stock Falls Amid Market Uptick: What Investors Need to Know

ExxonMobil Trading Down 4.2%

Shares of ExxonMobil stock opened at $140.86 on Tuesday. The stock has a market capitalization of $583.84 billion, a PE ratio of 23.75, a price-to-earnings-growth ratio of 0.62 and a beta of 0.16. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The stock has a 50 day moving average price of $151.69 and a two-hundred day moving average price of $142.73.

ExxonMobil (NYSE:XOM - Get Free Report) last announced its 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. The company had revenue of $83.16 billion for the quarter, compared to analysts' expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share. As a group, equities analysts anticipate that ExxonMobil Corporation will post 11.8 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 2.9%. ExxonMobil's payout ratio is currently 69.48%.

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.

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