Sanctuary Advisors LLC Decreases Position in ExxonMobil Corporation $XOM

Key Points

• Sanctuary Advisors LLC trimmed its ExxonMobil stake by 2.2% in the first quarter, selling 22,786 shares and leaving it with 1,025,623 shares valued at about $174 million.
• Recent news flow around ExxonMobil has been upbeat, with optimism centered on its expanding LNG portfolio, including Golden Pass, which could boost export capacity and future cash flow.
• Analysts remain generally positive on XOM, with a Moderate Buy consensus and an average price target of $164.45; Exxon also beat first-quarter earnings estimates and continues to pay a quarterly dividend of $1.03 per share.

Sanctuary Advisors LLC lowered its stake in ExxonMobil Corporation (NYSE:XOM - Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,025,623 shares of the oil and gas company's stock after selling 22,786 shares during the quarter. ExxonMobil comprises 0.9% of Sanctuary Advisors LLC's portfolio, making the stock its 13th largest position. Sanctuary Advisors LLC's holdings in ExxonMobil were worth $174,007,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Bank of America Corp DE raised its stake in shares of ExxonMobil by 2.0% during the fourth quarter. Bank of America Corp DE now owns 75,152,366 shares of the oil and gas company's stock valued at $9,043,836,000 after purchasing an additional 1,457,560 shares during the period. Norges Bank purchased a new position in shares of ExxonMobil in the fourth quarter valued at $7,625,063,000. Bank of New York Mellon Corp grew its holdings in ExxonMobil by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company's stock valued at $5,608,488,000 after purchasing an additional 531,362 shares in the last quarter. Northern Trust Corp grew its holdings in ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company's stock valued at $4,963,934,000 after purchasing an additional 445,283 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in ExxonMobil by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,090,589 shares of the oil and gas company's stock worth $4,102,708,000 after buying an additional 293,446 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil's Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation NYSE: XOM Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Morgan Stanley lowered their target price on ExxonMobil from $171.00 to $168.00 and set an "overweight" rating for the company in a research note on Monday, June 29th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $180.00 price target on shares of ExxonMobil in a research note on Tuesday, May 5th. Sanford C. Bernstein reduced their price target on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating for the company in a report on Monday, May 11th. Finally, Mizuho lowered their price objective on ExxonMobil from $175.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.45.

ExxonMobil Trading Up 1.1%

XOM opened at $147.56 on Friday. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month 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 stock has a market capitalization of $611.62 billion, a PE ratio of 24.88, a P/E/G ratio of 0.61 and a beta of 0.17. The firm's fifty day moving average price is $145.78 and its 200 day moving average price is $146.31.

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 company had revenue of $83.16 billion during 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 firm's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.76 EPS. As a group, research analysts expect that ExxonMobil Corporation will post 11.38 EPS for the current fiscal year.

ExxonMobil Announces Dividend

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