Flputnam Investment Management Co. Buys 7,254 Shares of ExxonMobil Corporation $XOM

Key Points

• Flputnam Investment Management increased its ExxonMobil stake by 8.2% in the fourth quarter, buying 7,254 more shares and bringing its total holding to 96,026 shares worth about $11.6 million.
• Other institutional investors also added to ExxonMobil positions, and institutions now hold 61.8% of the company’s stock, indicating continued broad interest from large investors.
• Analysts are mixed but broadly constructive on XOM, with an average rating of Moderate Buy and a consensus price target of $164.90; Exxon also recently beat quarterly EPS and revenue estimates and declared a $1.03 quarterly dividend.

Flputnam Investment Management Co. boosted its position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 8.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,026 shares of the oil and gas company's stock after purchasing an additional 7,254 shares during the quarter. Flputnam Investment Management Co.'s holdings in ExxonMobil were worth $11,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of XOM. Franklin Resources Inc. boosted its stake in shares of ExxonMobil by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company's stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of ExxonMobil by 218.4% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company's stock valued at $155,696,000 after purchasing an additional 2,546,791 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of ExxonMobil by 105.4% in the 3rd quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company's stock valued at $329,797,000 after purchasing an additional 1,501,235 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of ExxonMobil by 119.4% in the 3rd quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company's stock valued at $301,310,000 after purchasing an additional 1,454,308 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of ExxonMobil by 4.5% in the 3rd quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company's stock valued at $2,299,687,000 after purchasing an additional 886,087 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on XOM shares. UBS Group increased their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Sanford C. Bernstein cut their price target on shares of ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a research report on Monday, May 11th. Morgan Stanley cut their price target on shares of ExxonMobil from $172.00 to $171.00 and set an "overweight" rating on the stock in a research report on Friday, April 17th. Citigroup increased their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday, April 2nd. Finally, Scotiabank increased their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $164.90.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,150 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total transaction of $339,313.00. Following the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. The trade was a 10.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.03% of the company's stock.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is seeking environmental approval for the Haimara gas-condensate project in Guyana’s Stabroek block, a sign of continued expansion in one of its most important growth areas. ExxonMobil seeks environmental approval for new offshore project in Guyana
• Positive Sentiment: Several reports highlighted ExxonMobil as a top high-yield energy name, reinforcing investor interest in its dividend and defensive profile amid market volatility. 5 Top-Ranked High-Yielding Energy Stocks to Buy for a Stable Portfolio
• Neutral Sentiment: Occidental Petroleum is taking a 10% stake in ExxonMobil’s offshore Trinidad deepwater block, which validates the project but also signals Exxon is sharing development risk and future upside. Exclusive: Occidental takes 10% stake in Exxon deepwater block offshore Trinidad, sources say
• Neutral Sentiment: Analysts and market commentary continue to frame Exxon as an income and energy-price play, with bullish comparisons tied to higher oil prices and stable cash generation. Oil Above $90: Is ExxonMobil a Better Buy Than ConocoPhillips?
• Negative Sentiment: Energy stocks fell late in the day, and XOM was caught in the sector-wide selloff as investors reacted to softer oil prices and shifting geopolitical headlines. Sector Update: Energy Stocks Fall Late Afternoon
• Negative Sentiment: Oil prices slipped after comments from President Trump that Iran talks were “proceeding nicely,” which weighed on the broader energy complex and likely pressured ExxonMobil shares. USO, UCO, BATL, XOM Slip: Oil Dips Below $100 After Trump Says Iran Talks ‘Proceeding Nicely’

ExxonMobil Stock Performance

Shares of XOM stock opened at $150.18 on Wednesday. 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 $101.18 and a 52 week high of $176.41. The company has a market capitalization of $622.49 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 0.68 and a beta of 0.19. The company's 50 day moving average price is $155.70 and its two-hundred day moving average price is $139.67.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the company earned $1.76 earnings per share. The firm's revenue was up 2.4% compared to the same quarter last year. On average, analysts expect that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil's 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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