Navigation Group LLC Makes New Investment in ExxonMobil Corporation $XOM

Navigation Group LLC acquired a new stake in ExxonMobil Corporation (NYSE:XOM) during the 1st quarter, Holdings Channel.com reports. The fund acquired 8,722 shares of the oil and gas company’s stock, valued at approximately $1,480,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in ExxonMobil during the fourth quarter worth approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in ExxonMobil during the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in 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 purchasing an additional 187 shares during the period. Key Capital Management INC acquired a new position in ExxonMobil in the 4th quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in ExxonMobil during the 4th quarter worth $32,000. Institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on XOM. Piper Sandler decreased their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Scotiabank raised their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Barclays raised their price objective on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 target price for the company in a research report on Tuesday, June 16th. One investment 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. According to MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average price target of $164.45.

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $147.56 on Monday. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The stock has a market capitalization of $611.62 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The company’s 50 day simple moving average is $145.78 and its 200 day simple moving average is $146.49.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share 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 firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the prior year, the company earned $1.76 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, research analysts predict that ExxonMobil Corporation will post 11.38 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a $1.03 dividend. 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 payout ratio is currently 69.48%.

More ExxonMobil News

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.

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.