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Composition Wealth LLC Buys 19,987 Shares of ExxonMobil Corporation $XOM

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Key Points

  • Composition Wealth LLC raised its ExxonMobil stake by 34.5% in Q4, buying 19,987 shares to hold 77,978 shares worth about $9.384 million.
  • Exxon beat Q1 adjusted EPS and revenue (EPS $1.16 vs. $0.98; revenue $83.16B vs. $81.13B) and cited production wins (record Guyana output, first LNG at Golden Pass Train 1), but reported a sharp drop in GAAP net income and warned Iran‑related disruptions could push oil prices higher.
  • The company declared a quarterly dividend of $1.03 (ex‑dividend May 15, payable June 10), equal to an annualized $4.12 and a yield of about 2.7%.
  • MarketBeat previews top five stocks to own in June.

Composition Wealth LLC lifted its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 34.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,978 shares of the oil and gas company's stock after acquiring an additional 19,987 shares during the period. Composition Wealth LLC's holdings in ExxonMobil were worth $9,384,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in XOM. Franklin Resources Inc. raised its position in shares of ExxonMobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company's stock worth $4,366,655,000 after buying an additional 2,660,910 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of ExxonMobil by 218.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company's stock worth $155,696,000 after buying an additional 2,546,791 shares in the last quarter. AQR Capital Management LLC raised its position in shares of ExxonMobil by 105.4% in the third quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company's stock worth $329,797,000 after buying an additional 1,501,235 shares in the last quarter. Bessemer Group Inc. raised its position in shares of ExxonMobil by 119.4% in the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company's stock worth $301,310,000 after buying an additional 1,454,308 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of 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 buying an additional 886,087 shares in the last quarter. 61.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their price objective on ExxonMobil from $160.00 to $180.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 9th. Wells Fargo & Company increased their price objective on ExxonMobil from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Piper Sandler lowered their price objective on ExxonMobil from $186.00 to $182.00 and set an "overweight" rating on the stock in a research report on Thursday, April 9th. Morgan Stanley lowered their price objective on ExxonMobil from $172.00 to $171.00 and set an "overweight" rating on the stock in a research report on Friday, April 17th. Finally, Zacks Research upgraded ExxonMobil from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, ExxonMobil currently has an average rating of "Moderate Buy" and a consensus target price of $161.55.

View Our Latest Analysis on ExxonMobil

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Trading Up 0.2%

NYSE XOM opened at $153.10 on Monday. The stock's 50-day simple moving average is $154.98 and its two-hundred day simple moving average is $135.25. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $636.38 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 0.69 and a beta of 0.19.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results 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 business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter last year, the business posted $1.76 earnings per share. The company's revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts forecast that ExxonMobil Corporation will post 11.18 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. ExxonMobil's dividend payout ratio (DPR) is presently 61.58%.

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the firm's 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 sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 6,460 shares of company stock worth $989,104 in the last quarter. Company insiders own 0.03% of the company's stock.

ExxonMobil Profile

(Free Report)

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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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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