Vantus Wealth LLC Purchases Shares of 7,184 ExxonMobil Corporation $XOM

Key Points

• Vantus Wealth LLC opened a new position in ExxonMobil during the fourth quarter, buying 7,184 shares valued at about $865,000.
• Institutional interest in ExxonMobil remains strong, with 61.8% of the stock held by institutional investors after several other firms also added to or started positions.
• Wall Street sentiment is mixed but constructive: ExxonMobil has a Hold consensus rating and a $165.55 average price target, while analysts have recently raised or lowered targets and updated ratings.

Vantus Wealth LLC acquired a new stake in ExxonMobil Corporation (NYSE:XOM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,184 shares of the oil and gas company's stock, valued at approximately $865,000.

Other large investors also recently modified their holdings of the company. Berbice Capital Management LLC bought a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new stake in shares of ExxonMobil in the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of ExxonMobil by 456.1% in the 4th 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 period. Key Capital Management INC bought a new stake in ExxonMobil during the 4th quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in ExxonMobil during the 4th quarter worth approximately $32,000. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

XOM has been the topic of a number of research analyst reports. Wolfe Research lowered ExxonMobil from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, April 21st. Mizuho increased their price target on ExxonMobil from $159.00 to $175.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 27th. Sanford C. Bernstein decreased their price target on ExxonMobil from $195.00 to $182.00 and set an "outperform" rating on the stock in a research report on Monday, May 11th. Barclays increased their price target on ExxonMobil from $163.00 to $182.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. Finally, BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the stock a "neutral" rating in a research report on Friday, April 17th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $165.55.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil has reportedly been in talks to regain oil production rights in Venezuela, which could expand its reserve base and long-term production potential. Exxon Mobil Weighs Venezuela Return And Valuation Upside For Investors
• Positive Sentiment: Analysts turned more bullish on ExxonMobil, including a higher price target from Mizuho, reinforcing expectations that the company can benefit from strong energy markets. Analysts Get Bullish on Exxon Mobil (XOM)
• Neutral Sentiment: Commentary about ExxonMobil being a top oil stock amid the U.S.-Iran conflict supports the broader bullish case, but it is mostly opinion-driven rather than new company-specific news. This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War

ExxonMobil Price Performance

XOM stock opened at $148.83 on Tuesday. The stock has a 50-day moving average price of $154.85 and a two-hundred day moving average price of $140.51. The stock has a market cap of $616.88 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 0.63 and a beta of 0.19. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 1 year low of $101.73 and a 1 year high of $176.41.

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

ExxonMobil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, May 15th. ExxonMobil's dividend payout ratio is 69.48%.

Insider Transactions at ExxonMobil

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the transaction, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This represents a 5.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.03% of the company's stock.

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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