New Age Alpha Advisors LLC Trims Position in ExxonMobil Corporation $XOM

Key Points

• New Age Alpha Advisors LLC reduced its ExxonMobil stake by 8.8% in the fourth quarter, selling 14,674 shares and leaving it with 151,873 shares valued at about $18.3 million.
• ExxonMobil’s latest quarterly earnings topped expectations, with EPS of $1.16 versus $0.98 expected and revenue of $83.16 billion, while the company also reaffirmed its dividend with a quarterly payout of $1.03 per share.
• Analyst sentiment remains constructive, with ExxonMobil holding a Moderate Buy consensus and an average target price of $163.95; recent headlines also pointed to possible growth opportunities in Cyprus, Venezuela, and from higher crude prices.

New Age Alpha Advisors LLC lessened its stake in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,873 shares of the oil and gas company's stock after selling 14,674 shares during the period. ExxonMobil accounts for approximately 0.8% of New Age Alpha Advisors LLC's portfolio, making the stock its 12th biggest position. New Age Alpha Advisors LLC's holdings in ExxonMobil were worth $18,276,000 at the end of the most recent reporting period.

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

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 firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $157.82, for a total transaction of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares in the company, valued at $2,872,955.28. This trade represents a 10.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on XOM. HSBC lifted their price target on ExxonMobil from $135.00 to $158.00 and gave the stock a "hold" rating in a report on Friday, March 20th. Morgan Stanley cut their price objective on ExxonMobil from $172.00 to $171.00 and set an "overweight" rating for the company in a research report on Friday, April 17th. JPMorgan Chase & Co. raised their price objective on ExxonMobil from $140.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Wells Fargo & Company raised their price objective on ExxonMobil from $183.00 to $185.00 and gave the stock an "overweight" rating in a research report on Thursday, April 9th. Finally, Bank of America raised their price objective on ExxonMobil from $135.00 to $151.00 and gave the stock a "neutral" rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $163.95.

ExxonMobil Stock Down 0.1%

Shares of NYSE:XOM opened at $154.82 on Monday. The business has a 50-day moving average price of $155.79 and a 200 day moving average price of $139.12. 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 company has a market capitalization of $641.71 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 0.68 and a beta of 0.19. ExxonMobil Corporation has a 12-month low of $101.18 and a 12-month high of $176.41.

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, topping analysts' consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the company earned $1.76 EPS. The company's quarterly revenue was up 2.4% on a year-over-year basis. Sell-side analysts expect that ExxonMobil Corporation will post 11.49 EPS for the current year.

ExxonMobil Announces Dividend

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 dividend payout ratio (DPR) is 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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