Van Diest Capital LLC Acquires New Shares in ExxonMobil Corporation $XOM

Van Diest Capital LLC bought a new stake in shares of ExxonMobil Corporation (NYSE:XOM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,303 shares of the oil and gas company’s stock, valued at approximately $638,000. ExxonMobil makes up about 1.0% of Van Diest Capital LLC’s holdings, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. ICW Investment Advisors LLC lifted its stake in ExxonMobil by 0.3% in the 4th quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after purchasing an additional 69 shares in the last quarter. Fortis Capital Management LLC grew its position in shares of ExxonMobil by 2.0% during the 4th quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock valued at $434,000 after purchasing an additional 70 shares in the last quarter. Peoples Bank OH increased its holdings in shares of ExxonMobil by 0.5% in the fourth quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock worth $1,804,000 after purchasing an additional 71 shares during the period. Paulson Wealth Management Inc. increased its holdings in shares of ExxonMobil by 1.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock worth $887,000 after purchasing an additional 72 shares during the period. Finally, Peirce Capital Management LLC raised its position in shares of ExxonMobil by 1.7% in the fourth quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock worth $516,000 after buying an additional 72 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of several recent analyst reports. BNP Paribas Exane set a $165.00 target price on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Scotiabank lifted their price target on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. HSBC boosted their price objective on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a report on Friday, March 20th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a research note on Tuesday, May 5th. Finally, TD Cowen reiterated a “buy” rating on shares of ExxonMobil in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.70.

ExxonMobil Trading Down 2.1%

NYSE XOM opened at $137.84 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $150.34 and its two-hundred day simple moving average is $143.26. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a market capitalization of $571.36 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.60 and a beta of 0.16.

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, beating the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.76 EPS. Research analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil advanced a major new exploration push in Guyana’s Stabroek Block, planning up to 35 additional wells from 2028 through 2033, which could add long-term production growth. Article Title
• Positive Sentiment: The company signed a preliminary deal to supply LNG to South Africa’s first planned import terminal, expanding its international gas footprint and supporting its LNG growth strategy. Article Title
• Positive Sentiment: Analysts continue to view ExxonMobil as relatively resilient versus the broader oil market because of its low-cost, diversified production base. 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.