Natixis Advisors LLC Acquires 221,871 Shares of ExxonMobil Corporation $XOM

Key Points

• Natixis Advisors LLC boosted its ExxonMobil stake by 5.7% in the fourth quarter, buying 221,871 additional shares and bringing its total holding to 4.11 million shares worth about $494.9 million.
• ExxonMobil reported stronger-than-expected quarterly results, posting EPS of $1.16 versus $0.98 expected and revenue of $83.16 billion, while revenue rose 2.4% year over year.
• The company reiterated its shareholder returns with a quarterly dividend of $1.03 per share, or $4.12 annualized, implying a 2.8% yield; meanwhile, analysts currently have a consensus “Hold” rating with an average price target of $165.55.

Natixis Advisors LLC increased its holdings in ExxonMobil Corporation (NYSE:XOM - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,112,155 shares of the oil and gas company's stock after purchasing an additional 221,871 shares during the period. ExxonMobil makes up 0.7% of Natixis Advisors LLC's investment portfolio, making the stock its 18th biggest holding. Natixis Advisors LLC owned 0.10% of ExxonMobil worth $494,857,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC raised its position in shares of ExxonMobil by 6.6% during the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company's stock valued at $27,857,000 after buying an additional 14,233 shares during the last quarter. New Age Alpha Advisors LLC raised its position in shares of ExxonMobil by 5.6% during the third quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company's stock valued at $18,778,000 after buying an additional 8,853 shares during the last quarter. HORAN Wealth LLC raised its position in shares of ExxonMobil by 78.3% during the third quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company's stock valued at $1,486,000 after buying an additional 5,788 shares during the last quarter. Krilogy Financial LLC raised its position in shares of ExxonMobil by 46.6% during the third quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company's stock valued at $3,997,000 after buying an additional 11,177 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co raised its position in shares of ExxonMobil by 8.6% during the third quarter. Varma Mutual Pension Insurance Co now owns 655,303 shares of the oil and gas company's stock valued at $73,885,000 after buying an additional 51,900 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity at ExxonMobil

In other 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 transaction of $167,940.00. Following the sale, the vice president directly owned 17,124 shares of the company's stock, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by company insiders.

ExxonMobil Price Performance

Shares of ExxonMobil stock opened at $148.83 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $616.88 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 0.63 and a beta of 0.19. ExxonMobil Corporation has a 1-year low of $101.73 and a 1-year high of $176.41. The firm's 50-day moving average price is $154.85 and its two-hundred day moving average price is $140.51.

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 for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analysts' expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. On average, equities analysts predict that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil's dividend payout ratio is 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil has reportedly been in talks to regain oil production rights in Venezuela, which could expand its reserve base and long-term production potential. Exxon Mobil Weighs Venezuela Return And Valuation Upside For Investors
• Positive Sentiment: Analysts turned more bullish on ExxonMobil, including a higher price target from Mizuho, reinforcing expectations that the company can benefit from strong energy markets. Analysts Get Bullish on Exxon Mobil (XOM)
• Neutral Sentiment: Commentary about ExxonMobil being a top oil stock amid the U.S.-Iran conflict supports the broader bullish case, but it is mostly opinion-driven rather than new company-specific news. This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War

Wall Street Analyst Weigh In

XOM has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, April 9th. Wolfe Research lowered shares of ExxonMobil from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, April 21st. Citigroup upped their target price on shares of ExxonMobil from $150.00 to $175.00 and gave the company a "neutral" rating in a research note on Thursday, April 2nd. Barclays upped their target price on shares of ExxonMobil from $163.00 to $182.00 and gave the company an "overweight" rating in a research note on Tuesday, May 26th. Finally, Mizuho upped their target price on shares of ExxonMobil from $159.00 to $175.00 and gave the company a "neutral" rating in a research note on Wednesday, May 27th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $165.55.

ExxonMobil 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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