Pathfinder Wealth Consulting Inc. Takes Position in ExxonMobil Corporation $XOM

Key Points

• Pathfinder Wealth Consulting opened a new position in ExxonMobil in the fourth quarter, buying 10,758 shares worth about $1.3 million.
• ExxonMobil recently reported better-than-expected earnings, with EPS of $1.16 versus $0.98 expected and revenue of $83.16 billion, while also posting year-over-year revenue growth of 2.4%.
• The company declared a quarterly dividend of $1.03 per share, equal to an annualized payout of $4.12 and a yield of about 2.7%, underscoring its ongoing shareholder returns.

Pathfinder Wealth Consulting Inc. acquired a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,758 shares of the oil and gas company's stock, valued at approximately $1,295,000.

Other hedge funds have also modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in shares of ExxonMobil during the fourth quarter valued at $26,000. Midwest Capital Advisors LLC purchased a new stake in shares of ExxonMobil during the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock valued at $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC purchased a new stake in shares of ExxonMobil during the fourth quarter valued at $28,000. Finally, Westfuller Advisors LLC purchased a new stake in shares of ExxonMobil during the third quarter valued at $30,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Stock Down 0.3%

NYSE:XOM opened at $154.82 on Friday. The firm 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 1-year low of $101.18 and a 1-year high of $176.41. 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 business's fifty day moving average price is $155.79 and its 200 day moving average price is $138.95.

ExxonMobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.76 earnings per share. On average, sell-side analysts forecast that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil's payout ratio is presently 69.48%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,150 shares of the company's stock in a transaction on Monday, March 2nd. The stock was 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 of the company's stock, valued at approximately $2,872,955.28. The trade was a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.03% 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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XOM. Scotiabank upped their target price on ExxonMobil from $128.00 to $163.00 and gave the company a "sector outperform" rating in a report on Wednesday, April 22nd. Weiss Ratings downgraded ExxonMobil from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday. HSBC upped their target price on ExxonMobil from $135.00 to $158.00 and gave the company a "hold" rating in a report on Friday, March 20th. Sanford C. Bernstein reduced their target price on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a report on Monday, May 11th. Finally, Loop Capital set a $123.00 target price on ExxonMobil in a report on Tuesday, February 3rd. One 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 company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.95.

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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