Laurel Oak Wealth Management LLC Cuts Stake in ExxonMobil Corporation $XOM

Laurel Oak Wealth Management LLC trimmed its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 23.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,512 shares of the oil and gas company’s stock after selling 8,722 shares during the quarter. ExxonMobil accounts for about 0.8% of Laurel Oak Wealth Management LLC’s portfolio, making the stock its 29th largest position. Laurel Oak Wealth Management LLC’s holdings in ExxonMobil were worth $4,837,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in XOM. Berbice Capital Management LLC acquired a new position in ExxonMobil during the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil during the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after buying an additional 187 shares during the period. Key Capital Management INC purchased a new stake in shares of ExxonMobil during the fourth quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of ExxonMobil in the 4th quarter valued at $32,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the subject of a number of research reports. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Zacks Research cut ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Jefferies Financial Group lifted their target price on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. HSBC upped their target price on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research report on Friday, March 20th. Finally, Morgan Stanley reduced their price target on shares of ExxonMobil from $171.00 to $168.00 and set an “overweight” rating for the company in a research report on Monday. Eleven research 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 has a consensus rating of “Moderate Buy” and an average target price of $165.55.

ExxonMobil Stock Performance

Shares of XOM stock opened at $136.48 on Wednesday. The stock has a market cap of $565.70 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 0.59 and a beta of 0.16. The business has a 50-day simple moving average of $148.08 and a 200-day simple moving average of $144.40. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last announced 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. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period last year, the business earned $1.76 earnings per share. ExxonMobil’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts expect that ExxonMobil Corporation will post 11.66 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently announced 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 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil was highlighted by analysts as a strong integrated energy name, with commentary pointing to solid oil prices, a resilient business model, and attractive valuation metrics such as a low PEG ratio and reasonable P/E multiple. Article Title
• Positive Sentiment: A Seeking Alpha piece reiterated a Buy rating and $170 price target, citing strong profitability, robust cash flow, disciplined spending, and resilient first-quarter execution. Article Title
• Positive Sentiment: ExxonMobil and QatarEnergy said Cyprus gas resources are now marketable, with potential production starting by 2033, reinforcing the company’s long-term exploration upside in the eastern Mediterranean. Article Title
• Neutral Sentiment: Morgan Stanley trimmed its price target slightly to $168 from $171 but kept an Overweight rating, suggesting the research tone remains constructive despite a modest valuation reset. Article Title
• Negative Sentiment: One market note suggested Chevron may have moved faster than ExxonMobil on a major opportunity, hinting at competitive pressure in a key growth area. 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.