261,999 Shares in ExxonMobil Corporation $XOM Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in ExxonMobil Corporation (NYSE:XOM) during the fourth quarter, Holdings Channel.com reports. The firm bought 261,999 shares of the oil and gas company’s stock, valued at approximately $31,529,000.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC lifted its stake in ExxonMobil by 6.6% in the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after buying an additional 14,233 shares during the last quarter. New Age Alpha Advisors LLC lifted its stake in ExxonMobil by 5.6% in the third quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock valued at $18,778,000 after buying an additional 8,853 shares during the last quarter. Roberts Capital Advisors LLC bought a new stake in ExxonMobil in the third quarter valued at $1,240,000. Midland Wealth Advisors LLC lifted its stake in ExxonMobil by 95.0% in the third quarter. Midland Wealth Advisors LLC now owns 44,675 shares of the oil and gas company’s stock valued at $5,037,000 after buying an additional 21,766 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its stake in ExxonMobil by 9.0% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 410,046 shares of the oil and gas company’s stock valued at $46,233,000 after buying an additional 33,950 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on XOM. Morgan Stanley lowered their price target on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. UBS Group boosted their price target 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. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Barclays lifted their price target on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Scotiabank lifted their price target on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.70.

ExxonMobil Trading Up 0.5%

Shares of NYSE XOM opened at $141.64 on Wednesday. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. The firm has a market capitalization of $587.08 billion, a PE ratio of 23.88, a PEG ratio of 0.60 and a beta of 0.16. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $151.31 and a two-hundred day moving average price of $142.92.

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 analysts’ consensus estimates 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 analyst estimates of $81.13 billion. During the same period last year, the company posted $1.76 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts predict that ExxonMobil Corporation will post 11.8 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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 was Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

ExxonMobil News Roundup

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

ExxonMobil 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.