ExxonMobil Corporation $XOM is Folger Nolan Fleming Douglas Capital Management Inc.’s 8th Largest Position

Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in ExxonMobil Corporation (NYSE:XOM) by 144.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 198,084 shares of the oil and gas company’s stock after acquiring an additional 116,965 shares during the period. ExxonMobil makes up approximately 3.0% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 8th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in ExxonMobil were worth $33,607,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of XOM. Berbice Capital Management LLC purchased a new stake in ExxonMobil in the 4th quarter valued at $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil in the 4th quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 187 shares during the period. Key Capital Management INC purchased a new position in shares of ExxonMobil during the 4th quarter worth $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of ExxonMobil during the 4th quarter valued at about $32,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy reached a key milestone in their Cyprus offshore gas project, with a Declaration of Marketability helping advance the Glaucus and Pegasus fields toward development. That supports Exxon’s long-term growth pipeline. XOM, QatarEnergy Reach Milestone in Cyprus Offshore Gas Development
• Positive Sentiment: TD Cowen kept a buy rating on ExxonMobil while lowering its price target to $155 from $172, which still implies upside from current levels and suggests Wall Street remains constructive on the stock.
• Positive Sentiment: A Seeking Alpha piece upgraded ExxonMobil, arguing the valuation is attractive and that the company has overlooked market opportunities. That reinforces the view that XOM may have room to rerate. ExxonMobil: I’m Re-Entering As Valuation Is Attractive With Overlooked Market Opportunities (Rating Upgrade)
• Neutral Sentiment: Exxon completed its legal redomicile from New Jersey to Texas and also won a Supreme Court ruling that revives an old lawsuit, removing some uncertainty but not directly changing the operating outlook. Exxon (XOM) flashes key signals on New Jersey exit
• Neutral Sentiment: Analyst and media coverage noted that Exxon can still grow production even with oil below $70, and a bullish market note said the company could outperform if cash flow remains strong. These are supportive but largely restate Exxon’s resilience. Can ExxonMobil’s Upstream Business Thrive With Oil Below $70?
• Negative Sentiment: President Trump is pressuring Big Oil to lower gasoline prices ahead of the midterm elections, which could increase political scrutiny on ExxonMobil and the broader sector if margin pressure follows. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Scotiabank upped their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group boosted their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. TD Cowen dropped their price target on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America upgraded shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target for the company in a report on Tuesday, June 16th. Finally, Piper Sandler reduced their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Eleven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.70.

ExxonMobil Stock Down 0.0%

Shares of NYSE:XOM opened at $137.03 on Friday. The company has a market capitalization of $567.99 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 0.58 and a beta of 0.17. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The business has a 50-day moving average price of $147.37 and a 200 day moving average price of $144.60. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.76 earnings per share. Sell-side analysts expect that ExxonMobil Corporation will post 11.9 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

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.