ExxonMobil Corporation $XOM Shares Sold by Strategic Financial Concepts LLC

Key Points

• Strategic Financial Concepts LLC cut its ExxonMobil stake by 57.7% in the fourth quarter, selling 11,078 shares and leaving it with 8,127 shares worth about $978,000.
• ExxonMobil’s latest quarterly earnings beat expectations, reporting EPS of $1.16 versus the $0.98 estimate on revenue of $83.16 billion, while also announcing a quarterly dividend of $1.03 per share.
• Analyst sentiment remains mixed but constructive: the stock has a Moderate Buy consensus rating with an average price target of $163.95, even as some firms raised or trimmed their targets and governance-related headlines added uncertainty.

Strategic Financial Concepts LLC cut its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 57.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,127 shares of the oil and gas company's stock after selling 11,078 shares during the quarter. Strategic Financial Concepts LLC's holdings in ExxonMobil were worth $978,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Berbice Capital Management LLC acquired a new position in ExxonMobil during the fourth quarter worth $26,000. Midwest Capital Advisors LLC acquired a new position in ExxonMobil during the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC acquired a new position in ExxonMobil during the fourth quarter worth $28,000. Finally, Westfuller Advisors LLC acquired a new position in ExxonMobil during the third quarter worth $30,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. HSBC lifted their price objective on ExxonMobil from $135.00 to $158.00 and gave the stock a "hold" rating in a report on Friday, March 20th. Morgan Stanley reduced their price objective on ExxonMobil from $172.00 to $171.00 and set an "overweight" rating for the company in a report on Friday, April 17th. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the company a "neutral" rating in a research report on Friday, April 17th. Royal Bank Of Canada restated a "sector perform" rating and issued a $180.00 price objective on shares of ExxonMobil in a research report on Tuesday, May 5th. Finally, Mizuho upped their price objective on ExxonMobil from $140.00 to $162.00 and gave the company a "neutral" rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, ExxonMobil has a consensus rating of "Moderate Buy" and an average price target of $163.95.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy signed a preliminary deal with Egypt to study development of Cyprus gas discoveries, opening a possible path to export gas through Egypt’s LNG infrastructure to Europe. Reuters: QatarEnergy, ExxonMobil sign deal with Egypt to study Cyprus gas development
• Positive Sentiment: Reports that ExxonMobil may be in talks to regain rights to produce oil in Venezuela suggest a potential long-term growth opportunity if the company can re-enter a major resource base. Reuters: Exxon may acquire rights to produce oil in Venezuela
• Positive Sentiment: Rising crude prices are also supportive, with WTI above $95 per barrel boosting Permian oil and associated gas activity, which could improve ExxonMobil’s upstream revenue and cash flow. Zacks: More Gas Per Barrel of Oil: A Growth Lever for Permian Operators
• Neutral Sentiment: Additional coverage highlighted ExxonMobil’s low-debt balance sheet and ongoing ability to fund dividends and projects, reinforcing the company’s financial resilience. Zacks: ExxonMobil's Resilience: What Sets it Apart in Uncertain Times
• Neutral Sentiment: Technical commentary said XOM is pulling back after a breakout and testing support levels, which traders may be watching for confirmation of the broader uptrend. FXEmpire: ExxonMobil (XOM) Price Forecast
• Negative Sentiment: Governance-related headlines, including Exxon’s clash with proxy advisers ISS and Glass Lewis, may keep some pressure on the stock by adding uncertainty around the Texas move and shareholder voting dynamics. WSJ: Exxon Blasts Proxy Advisers for Conflict of Interest in Fight Over Texas Move

Insider Buying and Selling

In related news, VP Darrin L. Talley sold 2,150 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.03% of the company's stock.

ExxonMobil Stock Down 0.3%

Shares of NYSE:XOM opened at $154.82 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41. The stock's fifty day simple moving average is $155.79 and its 200-day simple moving average is $138.95. The company has a market capitalization of $641.71 billion, a P/E ratio of 26.11, a P/E/G ratio of 0.68 and a beta of 0.19.

ExxonMobil (NYSE:XOM - Get Free Report) last issued its quarterly earnings data 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. 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 period in the prior year, the business earned $1.76 earnings per share. The business's revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts forecast that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil's dividend payout ratio is presently 69.48%.

ExxonMobil Company 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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