RWWM Inc. Sells 73,970 Shares of ExxonMobil Corporation $XOM

RWWM Inc. cut its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 18.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 321,503 shares of the oil and gas company’s stock after selling 73,970 shares during the period. ExxonMobil makes up 4.0% of RWWM Inc.’s portfolio, making the stock its 10th largest holding. RWWM Inc.’s holdings in ExxonMobil were worth $54,546,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eagle Capital Management LLC raised its stake in shares of ExxonMobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock worth $337,000 after buying an additional 376 shares in the last quarter. Caxton Associates LLP acquired a new position in ExxonMobil during the first quarter worth $305,000. Sivia Capital Partners LLC raised its position in 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 in the last quarter. United Bank raised its position in 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 in the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in 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 valued at $3,957,000 after acquiring an additional 5,443 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Trading Up 1.1%

NYSE:XOM opened at $147.56 on Friday. The company has a market capitalization of $611.62 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17. 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 Corporation has a 52-week low of $105.53 and a 52-week high of $176.41. The stock has a fifty day simple moving average of $145.78 and a 200-day simple moving average of $146.31.

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

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on XOM shares. JPMorgan Chase & Co. boosted their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Mizuho reduced their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a research note on Thursday, July 9th. Sanford C. Bernstein decreased their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. UBS Group upped their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Piper Sandler dropped their target price on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and an average target price of $164.45.

Key Stories Impacting ExxonMobil

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.

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.