ExxonMobil Corporation $XOM Shares Acquired by WealthPLAN Partners LLC

WealthPLAN Partners LLC raised its position in shares of ExxonMobil Corporation (NYSE:XOM) by 49.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 17,781 shares of the oil and gas company’s stock after purchasing an additional 5,909 shares during the quarter. WealthPLAN Partners LLC’s holdings in ExxonMobil were worth $3,017,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Portus Wealth Advisors LLC acquired a new position in ExxonMobil in the first quarter worth $36,000. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil during the fourth quarter worth $26,000. Midwest Capital Advisors LLC bought a new position in shares of ExxonMobil in the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings 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 buying an additional 187 shares during the period. Finally, Key Capital Management INC bought a new stake in shares of ExxonMobil during the 4th quarter valued at about $28,000. Institutional investors own 61.80% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research reports. Bank of America upgraded shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Tuesday, June 16th. Sanford C. Bernstein lowered their target price on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a 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. Scotiabank upped their price objective on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Finally, DZ Bank raised ExxonMobil to a “strong-buy” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.45.

ExxonMobil Price Performance

NYSE XOM traded up $1.38 on Friday, reaching $138.84. 9,747,202 shares of the stock traded hands, compared to its average volume of 16,727,811. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $146.22 and its 200 day simple moving average is $145.38. The company has a market cap of $575.47 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 0.56 and a beta of 0.17.

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, beating the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to analyst estimates 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 firm posted $1.76 earnings per share. As a group, research analysts predict that ExxonMobil Corporation will post 11.69 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil said it is expanding in Nigeria with a $1 billion Usan Infill Project, which is expected to restore drilling activity there and add about 40,000 barrels per day within 18 months. Article Title
• Positive Sentiment: Analysts say strong commodity tailwinds, including higher crude prices and margin gains, could lift XOM’s second-quarter results and support near-term earnings strength. Article Title
• Positive Sentiment: Oil-market commentary suggests major U.S. producers, including ExxonMobil, could benefit financially from geopolitical disruption and higher crude prices, without needing to materially increase drilling right away. Article Title
• Neutral Sentiment: Some market coverage says XOM’s valuation looks reasonable on earnings, but the stock may be stretched after a large multi-year run, which could limit upside if expectations get too high. Article Title
• Negative Sentiment: Mizuho lowered its price target on ExxonMobil to $170 and kept a neutral stance, signaling less aggressive upside expectations from one Wall Street firm. Article Title
• Negative Sentiment: Recent trading commentary noted XOM underperformed the broader market in a down session, reflecting investor caution around energy stocks when crude prices soften. Article Title

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.