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ExxonMobil Corporation $XOM Stock Position Raised by CORDA Investment Management LLC.

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Key Points

  • CORDA Investment Management increased its stake in ExxonMobil by 85.1% in Q4 to 82,473 shares, worth about $9.93 million at the end of the period.
  • Exxon beat Q1 estimates with EPS $1.16 versus $0.98 and revenue of $83.16 billion, and announced a quarterly dividend of $1.03 (annualized $4.12, yield 2.8%).
  • Wall Street sentiment is mildly positive — the stock has an average rating of Moderate Buy with an average price target of $161.70, while analyst upgrades and geopolitical/production catalysts (Permian, Guyana, Venezuela talks, Iran risk premium) are driving near‑term volatility.
  • Five stocks we like better than ExxonMobil.

CORDA Investment Management LLC. increased its position in ExxonMobil Corporation (NYSE:XOM - Free Report) by 85.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 82,473 shares of the oil and gas company's stock after purchasing an additional 37,923 shares during the period. CORDA Investment Management LLC.'s holdings in ExxonMobil were worth $9,925,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Black Diamond Financial LLC boosted its stake in ExxonMobil by 3.4% in the 4th quarter. Black Diamond Financial LLC now owns 6,364 shares of the oil and gas company's stock worth $766,000 after purchasing an additional 211 shares during the period. Maple Capital Management Inc. boosted its stake in ExxonMobil by 4.3% in the 4th quarter. Maple Capital Management Inc. now owns 14,167 shares of the oil and gas company's stock worth $1,705,000 after purchasing an additional 578 shares during the period. Allegiance Financial Group Advisory Services LLC boosted its stake in ExxonMobil by 3.4% in the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 7,649 shares of the oil and gas company's stock worth $920,000 after purchasing an additional 252 shares during the period. Bluebird Wealth Management LLC acquired a new position in ExxonMobil in the 4th quarter worth approximately $227,000. Finally, Eclectic Associates Inc. ADV boosted its stake in ExxonMobil by 32.3% in the 4th quarter. Eclectic Associates Inc. ADV now owns 17,355 shares of the oil and gas company's stock worth $2,088,000 after purchasing an additional 4,239 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. This represents a 5.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 6,460 shares of company stock valued at $989,104. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on XOM. Jefferies Financial Group raised their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a "buy" rating in a research note on Thursday, April 9th. UBS Group raised their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a "buy" rating in a research note on Monday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of ExxonMobil in a research note on Friday, April 10th. Wolfe Research lowered shares of ExxonMobil from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 21st. Finally, Citigroup raised their price objective on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, April 2nd. One investment 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $161.70.

View Our Latest Research Report on ExxonMobil

ExxonMobil Stock Down 1.5%

XOM stock opened at $146.47 on Friday. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-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 cap of $607.11 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 0.65 and a beta of 0.19. The company has a 50 day moving average of $155.04 and a two-hundred day moving average of $136.06.

ExxonMobil (NYSE:XOM - Get Free Report) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The company's revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that ExxonMobil Corporation will post 11.44 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

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

About ExxonMobil

(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.

See Also

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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