TritonPoint Partners LLC Makes New Investment in ExxonMobil Corporation $XOM

Key Points

• TritonPoint Partners LLC initiated a new position in ExxonMobil in the fourth quarter, buying 9,429 shares worth about $1.135 million.
• ExxonMobil recently reported better-than-expected quarterly earnings, with EPS of $1.16 versus estimates of $0.98 and revenue of $83.16 billion, while also paying a quarterly dividend of $1.03 per share (2.9% yield).
• The stock was trading down 4.2% at $140.86, and analysts currently have a mixed view overall, with MarketBeat showing a Hold consensus and an average target price of $165.55.

TritonPoint Partners LLC acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,429 shares of the oil and gas company's stock, valued at approximately $1,135,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of XOM. Eagle Capital Management LLC raised its holdings in ExxonMobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company's stock worth $337,000 after buying an additional 376 shares during the period. Caxton Associates LLP acquired a new stake in ExxonMobil during the 1st quarter worth about $305,000. Sivia Capital Partners LLC raised its holdings 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 buying an additional 207 shares during the period. United Bank raised its holdings in ExxonMobil by 2.8% during the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company's stock worth $2,352,000 after buying an additional 600 shares during the period. Finally, Schnieders Capital Management LLC. increased its holdings in shares of ExxonMobil by 17.4% in 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 purchasing an additional 5,443 shares during the period. Institutional investors and hedge funds own 61.80% of the company's stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research reports. Citigroup upped their target price on ExxonMobil from $150.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, April 2nd. Morgan Stanley dropped their target price on ExxonMobil from $172.00 to $171.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. Barclays upped their target price on ExxonMobil from $163.00 to $182.00 and gave the company an "overweight" rating in a report on Tuesday, May 26th. Piper Sandler dropped their target price on ExxonMobil from $186.00 to $182.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. Finally, Wolfe Research downgraded ExxonMobil from an "outperform" rating to a "peer perform" rating in a report on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $165.55.

ExxonMobil Trading Down 4.2%

NYSE:XOM opened at $140.86 on Tuesday. The stock's 50 day moving average price is $151.69 and its 200 day moving average price is $142.73. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The company has a market capitalization of $583.84 billion, a P/E ratio of 23.75, a P/E/G ratio of 0.62 and a beta of 0.16. 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 (NYSE:XOM - Get Free Report) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 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 for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. The firm's revenue was up 2.4% on a year-over-year basis. On average, research analysts forecast that ExxonMobil Corporation will post 11.8 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders 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 dividend on an annualized basis and a yield of 2.9%. 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 applied for environmental authorization for a 35-well exploration campaign offshore Guyana, signaling continued investment in one of its most important long-term growth areas. Exxon Mobil seeks environmental permit for exploration in offshore Guyana
• Positive Sentiment: Analysts noted that stronger oil prices could still boost ExxonMobil’s energy business because its low-cost Permian and Guyana assets are well positioned to benefit in a favorable crude market. Will Strong Oil Prices Boost ExxonMobil's Energy Business?
• Neutral Sentiment: Reports that ExxonMobil is weighing an early-stage bid for Woodside Energy were followed by Woodside denying any takeover talks, making the M&A speculation unclear for investors. ExxonMobil weighs early stage bid for Woodside Energy Group
• Negative Sentiment: ExxonMobil stock fell as the broader market rose, reflecting a sector-specific selloff tied to weaker oil prices and reduced optimism for near-term energy earnings. Exxon Mobil (XOM) Stock Falls Amid Market Uptick: What Investors Need to Know

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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