Capital World Investors Purchases 16,680 Shares of ExxonMobil Corporation $XOM

Capital World Investors raised its position in shares of ExxonMobil Corporation (NYSE:XOM) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,793,125 shares of the oil and gas company’s stock after acquiring an additional 16,680 shares during the quarter. Capital World Investors’ holdings in ExxonMobil were worth $576,860,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Berbice Capital Management LLC bought a new stake in ExxonMobil during the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil during the 4th quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in 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 valued at $27,000 after acquiring an additional 187 shares in the last quarter. Key Capital Management INC bought a new stake in shares of ExxonMobil in the 4th quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in shares of ExxonMobil in the 4th quarter worth approximately $32,000. 61.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 value of $167,940.00. Following the completion of the transaction, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. The trade was a 5.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on XOM. UBS Group boosted their price target on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Bank of America boosted their price target on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Jefferies Financial Group boosted their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Morgan Stanley dropped their price target on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Finally, Sanford C. Bernstein dropped 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. Ten research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, ExxonMobil currently has a consensus rating of “Hold” and a consensus target price of $165.55.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s advantaged, low-cost assets are highlighted as key growth drivers that can strengthen cash flow and improve resilience, especially if oil prices stay elevated. Here’s How ExxonMobil’s Advantaged Assets Drive Growth and Resilience
• Positive Sentiment: XOM was also described as a top-ranked momentum stock, which may reinforce bullish sentiment among traders looking for relative strength. Exxon Mobil (XOM) is a Top-Ranked Momentum Stock: Should You Buy?
• Positive Sentiment: Several market pieces point to oil stocks staying in focus as geopolitical tensions continue, which can support ExxonMobil through expectations for firmer crude prices. CVX, XOM and SHEL Forecasts – Oil Stocks in Focus as Conflict Continues
• Neutral Sentiment: Analysts and media continue to list ExxonMobil among attractive low-cost energy stocks, and recent price-target revisions remain broadly supportive of the valuation. Exxon Mobil Corporation (XOM) Among the Best Low Cost Stocks to Buy Now
• Neutral Sentiment: Some commentary notes ExxonMobil’s Q1 production dipped versus the prior quarter, which could temper enthusiasm if investors focus on output trends rather than longer-term asset quality. Decoupling Exxon’s Production Growth From Market Reality
• Negative Sentiment: Broader energy-market coverage suggests some caution around the timing of new capital spending and how quickly oil prices can sustain recent strength, which may be weighing on sentiment for large integrated producers like XOM. As the Iran conflict shakes up oil market, where can investors find value?

ExxonMobil Price Performance

Shares of NYSE XOM opened at $150.18 on Monday. ExxonMobil Corporation has a twelve month low of $102.68 and a twelve month high of $176.41. The firm has a market cap of $622.50 billion, a P/E ratio of 25.33, a PEG ratio of 0.64 and a beta of 0.16. The company has a 50 day moving average of $153.96 and a 200 day moving average of $141.43. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) 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 analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same period in the previous year, the business earned $1.76 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, research analysts expect that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

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

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.