Royal Palms Capital LLC Acquires New Holdings in ExxonMobil Corporation $XOM

Key Points

• Royal Palms Capital LLC opened a new position in ExxonMobil during the fourth quarter, buying 27,107 shares worth about $3.26 million. The stake makes XOM its 11th-largest holding and about 3.9% of its portfolio.
• ExxonMobil’s latest quarterly results beat expectations, with EPS of $1.16 versus estimates of $0.98 and revenue of $83.16 billion topping forecasts. The company also announced a quarterly dividend of $1.03 per share, implying a 2.7% yield.
• Analyst sentiment remains constructive overall, with ExxonMobil carrying a “Moderate Buy” consensus and an average price target of $164.90. At the same time, the stock fell 3.1% in the session as energy shares weakened on softer oil prices and sector-wide selling.

Royal Palms Capital LLC acquired a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,107 shares of the oil and gas company's stock, valued at approximately $3,262,000. ExxonMobil comprises approximately 3.9% of Royal Palms Capital LLC's portfolio, making the stock its 11th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in ExxonMobil in the 4th quarter valued at about $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil during the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC acquired a new stake in shares of ExxonMobil during the 4th quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in shares of ExxonMobil during the 4th quarter worth about $32,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $180.00 price target on shares of ExxonMobil in a research note on Tuesday, May 5th. Morgan Stanley decreased their price target on shares of ExxonMobil from $172.00 to $171.00 and set an "overweight" rating on the stock in a research note on Friday, April 17th. Bank of America raised their price target on shares of ExxonMobil from $135.00 to $151.00 and gave the stock a "neutral" rating in a research note on Monday, March 2nd. HSBC raised their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a "hold" rating in a research note on Friday, March 20th. Finally, Wells Fargo & Company raised their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an "overweight" rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, ExxonMobil has an average rating of "Moderate Buy" and an average price target of $164.90.

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 2,150 shares of the stock in a transaction dated 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 $2,872,955.28. This represents a 10.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by insiders.

ExxonMobil Trading Down 3.1%

Shares of XOM stock opened at $150.18 on Wednesday. The firm has a market cap of $622.49 billion, a P/E ratio of 25.33, 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 debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The firm's 50-day simple moving average is $155.70 and its 200-day simple moving average is $139.67.

ExxonMobil (NYSE:XOM - Get Free Report) last announced 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 business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company's revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.76 EPS. As a group, equities analysts forecast that ExxonMobil Corporation will post 11.49 EPS for the current year.

ExxonMobil Dividend Announcement

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

Key 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’

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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