PKO Investment Management Joint Stock Co Buys 7,884 Shares of ExxonMobil Corporation $XOM

PKO Investment Management Joint Stock Co lifted its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,415 shares of the oil and gas company’s stock after purchasing an additional 7,884 shares during the period. ExxonMobil accounts for 1.3% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 18th biggest position. PKO Investment Management Joint Stock Co’s holdings in ExxonMobil were worth $16,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. increased its position in ExxonMobil by 3.8% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 6,643 shares of the oil and gas company’s stock worth $1,127,000 after buying an additional 243 shares during the last quarter. Clark Asset Management LLC grew its holdings in ExxonMobil by 1.3% in the 1st quarter. Clark Asset Management LLC now owns 6,432 shares of the oil and gas company’s stock valued at $1,091,000 after buying an additional 83 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in ExxonMobil by 3.9% during the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 43,417 shares of the oil and gas company’s stock worth $7,366,000 after acquiring an additional 1,615 shares during the period. Everstar Asset Management LLC bought a new position in shares of ExxonMobil during the first quarter worth approximately $289,000. Finally, Roble Belko & Company Inc increased its stake in ExxonMobil by 18.4% during the 1st quarter. Roble Belko & Company Inc now owns 7,405 shares of the oil and gas company’s stock worth $1,256,000 after acquiring an additional 1,149 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Down 2.1%

Shares of NYSE:XOM opened at $136.86 on Thursday. The company has a market capitalization of $567.27 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 0.59 and a beta of 0.16. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The business’s 50-day moving average is $149.08 and its 200-day moving average is $143.87. 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 (NYSE:XOM) last announced 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. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. Equities research analysts predict that ExxonMobil Corporation will post 11.86 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. Shareholders of record on Friday, May 15th were issued a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 3.0%. ExxonMobil’s dividend payout ratio is presently 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: The U.S. Supreme Court ruled in ExxonMobil’s favor in a long-running lawsuit over property confiscated by Cuba, reviving Exxon’s ability to seek compensation and potentially strengthening its legal position in the case. Reuters article
• Positive Sentiment: Commentary highlighted ExxonMobil as one of the energy names that may hold up well if the broader market weakens, reinforcing its reputation as a defensive, dividend-paying stock. Yahoo Finance article
• Positive Sentiment: Analyst coverage noted that Exxon’s upstream business could benefit from strong oil prices, with Permian and Guyana assets supporting production growth and earnings. Zacks article
• Neutral Sentiment: ExxonMobil reportedly applied to expand its footprint in Guyana, a strategic move that could support longer-term growth but does not appear to be an immediate catalyst. Yahoo Finance article
• Negative Sentiment: The stock moved lower alongside weaker crude prices, as oil fell to its lowest level since the start of the Iran conflict, which can weigh on upstream earnings expectations for ExxonMobil. Yahoo Finance article
• Negative Sentiment: Investors also reacted to news that President Trump said the Justice Department is probing ExxonMobil and other oil companies over elevated natural gas prices, adding regulatory overhang to the shares. Reuters article

Analyst Upgrades and Downgrades

Several research firms have commented on XOM. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Scotiabank lifted their price target on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Mizuho boosted their price target on ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Jefferies Financial Group increased their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Wolfe Research downgraded ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.70.

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.