Marietta Investment Partners LLC Decreases Position in ExxonMobil Corporation $XOM

Marietta Investment Partners LLC cut its position in ExxonMobil Corporation (NYSE:XOM) by 9.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,994 shares of the oil and gas company’s stock after selling 5,138 shares during the period. ExxonMobil makes up about 1.1% of Marietta Investment Partners LLC’s investment portfolio, making the stock its 25th largest holding. Marietta Investment Partners LLC’s holdings in ExxonMobil were worth $5,776,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of XOM. Eagle Capital Management LLC grew its stake in shares of ExxonMobil by 15.3% in the first quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after acquiring an additional 376 shares during the period. Caxton Associates LLP bought a new stake in shares of ExxonMobil in the first quarter worth approximately $305,000. Sivia Capital Partners LLC grew its stake in shares of ExxonMobil by 1.9% in the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after acquiring an additional 207 shares during the period. United Bank grew its stake in shares of ExxonMobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after acquiring an additional 600 shares during the period. Finally, Schnieders Capital Management LLC. grew its stake in shares of ExxonMobil by 17.4% in the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after acquiring an additional 5,443 shares during the period. 61.80% of the stock is 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 Permian operations are highlighted as a major profit driver, with low breakeven costs in the Midland and Delaware basins and rising production that could boost margins if oil prices stay elevated. Article: ExxonMobil’s Permian Advantage: Low Breakeven, Rising Production
• Positive Sentiment: A senior Exxon executive warned that Brent could surge to $150-$160 per barrel in coming weeks as global inventories approach historic lows, reinforcing the bullish case for ExxonMobil’s upstream earnings. Article: Exxon SVP Warns Oil Could Spike to $150-160 Per Barrel in ‘Coming Weeks’
• Positive Sentiment: The U.S. Strategic Petroleum Reserve continues to fall toward its lowest level since the early 1980s, which may support higher oil prices and improve the outlook for ExxonMobil’s production and refining economics. Article: US Strategic Petroleum Reserve on pace to hit lowest level since the early 1980s later this month
• Positive Sentiment: Reports that ExxonMobil is weighing a return to Venezuela suggest potential access to more reserves and long-term production opportunities, which could add upside if negotiations progress. Article: Exxon Mobil Weighs Venezuela Return And Valuation Upside For Investors
• Positive Sentiment: Investor optimism also stems from ExxonMobil’s Texas domicile move and continuing growth plans in the Permian Basin, both of which reinforce a long-term expansion narrative for the company. Article: Exxon Mobil Texas Move And What It Means For XOM Valuation
• Neutral Sentiment: Broader energy-sector commentary continues to place ExxonMobil on watchlists, but these articles are mostly screening/overview pieces rather than new company-specific developments. Article: Oil Stocks To Add to Your Watchlist – May 30th
• Neutral Sentiment: Market chatter around Iran and geopolitical tensions is helping oil prices, which can lift XOM, but the impact is indirect and depends on how long the supply risk persists. Article: Exxon (XOM) roars back as one Iran headline reignites oil

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $152.92 on Thursday. The firm has a 50 day moving average of $154.49 and a 200 day moving average of $140.97. 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 firm has a market capitalization of $633.83 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 0.64 and a beta of 0.16. ExxonMobil Corporation has a 12-month low of $101.73 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 earnings per share. On average, research analysts anticipate that ExxonMobil Corporation will post 11.66 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently announced 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 is Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

Analysts Set New Price Targets

XOM has been the subject of a number of research analyst reports. TD Cowen reduced their price target on shares of ExxonMobil from $175.00 to $172.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Wells Fargo & Company lifted 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. Piper Sandler reduced their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Mizuho lifted their price target on shares of ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Finally, Sanford C. Bernstein reduced their price target on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $165.55.

Insider Transactions at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares in the company, valued at approximately $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

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.