ExxonMobil Corporation $XOM Holdings Decreased by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC decreased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,193 shares of the oil and gas company’s stock after selling 4,667 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in ExxonMobil were worth $3,994,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Capital Investment Advisors LLC grew 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 purchasing an additional 14,233 shares in the last quarter. New Age Alpha Advisors LLC grew 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 purchasing an additional 8,853 shares in the last quarter. Krilogy Financial LLC grew its stake in ExxonMobil by 46.6% in the third quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock valued at $3,997,000 after purchasing an additional 11,177 shares in the last quarter. Varma Mutual Pension Insurance Co grew its stake in ExxonMobil by 8.6% in the third quarter. Varma Mutual Pension Insurance Co now owns 655,303 shares of the oil and gas company’s stock valued at $73,885,000 after purchasing an additional 51,900 shares in the last quarter. Finally, Roberts Capital Advisors LLC purchased a new position in ExxonMobil in the third quarter valued at about $1,240,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the transaction, the vice president owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. The trade was a 5.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $150.18 on Friday. ExxonMobil Corporation has a fifty-two week low of $102.68 and a fifty-two week high of $176.41. The business has a 50-day moving average of $153.96 and a two-hundred day moving average of $141.27. The stock has a market capitalization of $622.51 billion, a P/E ratio of 25.33, a P/E/G ratio of 0.64 and a beta of 0.16. 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 results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share 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 company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts predict that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Wall Street Analyst Weigh In

XOM has been the topic of a number of recent research reports. Wolfe Research downgraded ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Bank of America boosted their target price on ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a research note on Tuesday, May 5th. TD Cowen reduced their price target on ExxonMobil from $175.00 to $172.00 and set a “buy” rating for the company in a research report on Friday, April 10th. Finally, UBS Group boosted their price target on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $165.55.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s advantaged, low-cost assets are highlighted as key growth drivers that can strengthen cash flow and improve resilience, especially if oil prices stay elevated. Here’s How ExxonMobil’s Advantaged Assets Drive Growth and Resilience
• Positive Sentiment: XOM was also described as a top-ranked momentum stock, which may reinforce bullish sentiment among traders looking for relative strength. Exxon Mobil (XOM) is a Top-Ranked Momentum Stock: Should You Buy?
• Positive Sentiment: Several market pieces point to oil stocks staying in focus as geopolitical tensions continue, which can support ExxonMobil through expectations for firmer crude prices. CVX, XOM and SHEL Forecasts – Oil Stocks in Focus as Conflict Continues
• Neutral Sentiment: Analysts and media continue to list ExxonMobil among attractive low-cost energy stocks, and recent price-target revisions remain broadly supportive of the valuation. Exxon Mobil Corporation (XOM) Among the Best Low Cost Stocks to Buy Now
• Neutral Sentiment: Some commentary notes ExxonMobil’s Q1 production dipped versus the prior quarter, which could temper enthusiasm if investors focus on output trends rather than longer-term asset quality. Decoupling Exxon’s Production Growth From Market Reality
• Negative Sentiment: Broader energy-market coverage suggests some caution around the timing of new capital spending and how quickly oil prices can sustain recent strength, which may be weighing on sentiment for large integrated producers like XOM. As the Iran conflict shakes up oil market, where can investors find value?

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.