Blair William & Co. IL Boosts Stock Position in ExxonMobil Corporation $XOM

Blair William & Co. IL increased its stake in ExxonMobil Corporation (NYSE:XOM) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 968,137 shares of the oil and gas company’s stock after buying an additional 4,863 shares during the quarter. Blair William & Co. IL’s holdings in ExxonMobil were worth $116,506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in XOM. Eagle Capital Management LLC grew its stake in shares of ExxonMobil by 15.3% in 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 during the last quarter. Caxton Associates LLP purchased a new stake in shares of ExxonMobil in the 1st quarter worth approximately $305,000. Sivia Capital Partners LLC grew its stake in shares of ExxonMobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after buying an additional 207 shares during the last quarter. United Bank grew its stake in shares of ExxonMobil by 2.8% in the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after buying an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. grew its stake in shares of ExxonMobil by 17.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after buying an additional 5,443 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

NYSE XOM opened at $141.64 on Wednesday. The business’s fifty day moving average price is $151.31 and its 200-day moving average price is $142.92. The stock has a market capitalization of $587.08 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 0.60 and a beta of 0.16. 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.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results 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 firm had revenue of $83.16 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS. On average, equities analysts predict that ExxonMobil Corporation will post 11.8 earnings per share for the current year.

ExxonMobil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

Analyst Ratings Changes

Several research firms recently issued reports on XOM. Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. UBS Group upped their price objective on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Bank of America raised ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Tuesday. HSBC upped their price objective on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Finally, Citigroup upped their price objective on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.70.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Bank of America upgraded ExxonMobil from neutral to buy and set a $154 price target, saying the shares look undervalued after the recent pullback. Benzinga
• Positive Sentiment: Exxon filed for a 35-well exploration campaign in Guyana’s Stabroek block, reinforcing growth potential in one of its most important long-term assets. Article Title
• Neutral Sentiment: Analysts and media reports continue to highlight Exxon as a possible acquisition player, including speculation around Woodside Energy, but nothing has been confirmed. Article Title
• Neutral Sentiment: Broader energy stocks are weaker pre-market, which adds sector-wide pressure on XOM even as the stock draws positive analyst commentary. Article Title
• Negative Sentiment: Lower crude prices are the main headwind, since a sustained move below $80 could reduce ExxonMobil’s earnings power and slow investor enthusiasm for its upstream growth story. Article Title

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.