ExxonMobil Corporation $XOM Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC raised its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 9.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,282,150 shares of the oil and gas company's stock after acquiring an additional 107,574 shares during the period. ExxonMobil makes up 0.8% of Calamos Advisors LLC's holdings, making the stock its 20th largest position. Calamos Advisors LLC's holdings in ExxonMobil were worth $217,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of ExxonMobil by 2.0% in the 4th quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company's stock worth $9,043,836,000 after acquiring an additional 1,457,560 shares during the period. Norges Bank bought a new position in ExxonMobil during the 4th quarter valued at $7,625,063,000. Bank of New York Mellon Corp increased its position in shares of ExxonMobil by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company's stock valued at $5,608,488,000 after purchasing an additional 531,362 shares during the period. Northern Trust Corp increased its position in shares of 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 valued at $4,963,934,000 after purchasing an additional 445,283 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of ExxonMobil by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company's stock worth $4,102,708,000 after buying an additional 293,446 shares in the last quarter. Institutional investors own 61.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on XOM. Scotiabank upped their price objective on ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a report on Wednesday, April 22nd. Mizuho dropped their price target on shares of ExxonMobil from $175.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, July 9th. Zacks Research downgraded shares of ExxonMobil from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday, April 9th. Finally, BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a "neutral" rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $164.45.

ExxonMobil Trading Up 1.1%

NYSE:XOM opened at $147.56 on Friday. 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 fifty-two week low of $105.53 and a fifty-two week high of $176.41. The stock's 50-day moving average is $145.78 and its two-hundred day moving average is $146.31. The stock has a market cap of $611.62 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 0.60 and a beta of 0.17.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same quarter in the prior year, the business earned $1.76 EPS. The company's revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that ExxonMobil Corporation will post 11.43 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil's dividend payout ratio is presently 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil's Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation NYSE: XOM Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

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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