ExxonMobil Corporation $XOM is Northstar Financial Companies Inc.’s 9th Largest Position

Northstar Financial Companies Inc. boosted its position in shares of ExxonMobil Corporation (NYSE:XOM) by 27.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,261 shares of the oil and gas company’s stock after acquiring an additional 4,140 shares during the period. ExxonMobil comprises 2.6% of Northstar Financial Companies Inc.’s investment portfolio, making the stock its 9th biggest holding. Northstar Financial Companies Inc.’s holdings in ExxonMobil were worth $3,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Signet Financial Management LLC lifted its position in shares of ExxonMobil by 6.7% during the 1st quarter. Signet Financial Management LLC now owns 3,944 shares of the oil and gas company’s stock worth $669,000 after purchasing an additional 246 shares during the last quarter. SouthState Bank Corp grew its stake in shares of ExxonMobil by 5.7% during the first quarter. SouthState Bank Corp now owns 78,667 shares of the oil and gas company’s stock worth $13,347,000 after purchasing an additional 4,261 shares in the last quarter. BlueChip Wealth Advisors LLC increased its holdings in ExxonMobil by 5.7% in the first quarter. BlueChip Wealth Advisors LLC now owns 3,970 shares of the oil and gas company’s stock valued at $674,000 after buying an additional 215 shares during the last quarter. Camden National Bank increased its holdings in ExxonMobil by 1.4% in the first quarter. Camden National Bank now owns 9,433 shares of the oil and gas company’s stock valued at $1,600,000 after buying an additional 126 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in ExxonMobil by 4.0% in the first quarter. Checchi Capital Advisers LLC now owns 38,466 shares of the oil and gas company’s stock valued at $6,526,000 after buying an additional 1,469 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

NYSE XOM opened at $147.56 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The company has a market capitalization of $611.62 billion, a PE ratio of 24.88, a P/E/G ratio of 0.61 and a beta of 0.17. The company has a fifty day moving average of $145.78 and a two-hundred day moving average of $146.31.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same quarter last year, the company posted $1.76 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts expect that ExxonMobil Corporation will post 11.38 earnings per share for the current year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid 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 was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil’s Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation (NYSE:XOM) Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

Analyst Ratings Changes

A number of brokerages have issued reports on XOM. Mizuho decreased their price target on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Jefferies Financial Group raised their target price on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Citigroup restated a “neutral” rating on shares of ExxonMobil in a research note on Wednesday, July 8th. Piper Sandler lowered their price target on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average price target of $164.45.

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.