&PARTNERS Boosts Stake in ExxonMobil Corporation $XOM

Key Points

• &PARTNERS boosted its ExxonMobil stake by 35.3% in the fourth quarter, buying 187,379 additional shares and bringing its position to 718,874 shares valued at about $86.5 million.
• ExxonMobil is getting mixed but largely supportive analyst attention, including a Bank of America upgrade to buy with a $154 target, while the broader consensus remains a “Moderate Buy” with an average target price of $165.70.
• The company continues to post solid operating results and shareholder returns, with Q1 earnings of $1.16 per share beating estimates, revenue up 2.4% year over year, and a quarterly dividend of $1.03 per share yielding about 2.9% annually.

&PARTNERS raised its holdings in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 718,874 shares of the oil and gas company's stock after purchasing an additional 187,379 shares during the quarter. &PARTNERS's holdings in ExxonMobil were worth $86,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Capital Management LLC raised its holdings in shares of ExxonMobil by 15.3% during the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after purchasing an additional 376 shares during the last quarter. Caxton Associates LLP purchased a new stake in ExxonMobil in the first quarter valued at $305,000. Sivia Capital Partners LLC grew its position in ExxonMobil by 1.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company's stock worth $1,211,000 after purchasing an additional 207 shares during the period. United Bank raised its stake in shares of ExxonMobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company's stock valued at $2,352,000 after buying an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its stake in shares of ExxonMobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company's stock valued at $3,957,000 after buying an additional 5,443 shares during the last quarter. Institutional investors own 61.80% of the company's stock.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Bank of America upgraded ExxonMobil from neutral to buy and set a $154 price target, saying the shares look undervalued after the recent pullback. Benzinga
• Positive Sentiment: Exxon filed for a 35-well exploration campaign in Guyana’s Stabroek block, reinforcing growth potential in one of its most important long-term assets. Article Title
• Neutral Sentiment: Analysts and media reports continue to highlight Exxon as a possible acquisition player, including speculation around Woodside Energy, but nothing has been confirmed. Article Title
• Neutral Sentiment: Broader energy stocks are weaker pre-market, which adds sector-wide pressure on XOM even as the stock draws positive analyst commentary. Article Title
• Negative Sentiment: Lower crude prices are the main headwind, since a sustained move below $80 could reduce ExxonMobil’s earnings power and slow investor enthusiasm for its upstream growth story. Article Title

ExxonMobil Price Performance

ExxonMobil stock opened at $141.64 on Wednesday. The stock has a market capitalization of $587.08 billion, a P/E ratio of 23.88, a P/E/G ratio of 0.60 and a beta of 0.16. The company's fifty day moving average price is $151.31 and its 200 day moving average price is $142.92. 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 1 year low of $105.53 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOM - Get Free Report) last released its quarterly earnings results 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. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm 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 for the quarter was up 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that ExxonMobil Corporation will post 11.8 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. ExxonMobil's payout ratio is currently 69.48%.

Analysts Set New Price Targets

XOM has been the topic of a number of recent research reports. Piper Sandler lowered their target price on ExxonMobil from $186.00 to $182.00 and set an "overweight" rating on the stock in a research note on Thursday, April 9th. HSBC boosted their price target on ExxonMobil from $135.00 to $158.00 and gave the company a "hold" rating in a report on Friday, March 20th. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the stock a "neutral" rating in a research note on Friday, April 17th. Morgan Stanley cut their target price on shares of ExxonMobil from $172.00 to $171.00 and set an "overweight" rating for the company in a report on Friday, April 17th. Finally, Scotiabank boosted their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a research note on Wednesday, April 22nd. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $165.70.

About ExxonMobil

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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