ExxonMobil Corporation $XOM Shares Acquired by Leonteq Securities AG

Leonteq Securities AG increased its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 73.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,135 shares of the oil and gas company’s stock after purchasing an additional 4,286 shares during the quarter. Leonteq Securities AG’s holdings in ExxonMobil were worth $1,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. Elevation Point Wealth Partners LLC grew its holdings in ExxonMobil by 44.7% in the first quarter. Elevation Point Wealth Partners LLC now owns 387,890 shares of the oil and gas company’s stock valued at $65,809,000 after purchasing an additional 119,840 shares during the period. Platform Technology Partners raised its stake in ExxonMobil by 9.0% during the first quarter. Platform Technology Partners now owns 17,177 shares of the oil and gas company’s stock worth $2,914,000 after purchasing an additional 1,414 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of ExxonMobil by 4.0% in the 1st quarter. Sound Income Strategies LLC now owns 24,517 shares of the oil and gas company’s stock valued at $3,942,000 after purchasing an additional 949 shares during the last quarter. Jamison Private Wealth Management Inc. grew its stake in shares of ExxonMobil by 1.6% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 55,695 shares of the oil and gas company’s stock valued at $9,449,000 after buying an additional 902 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in shares of ExxonMobil by 23.2% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 219,980 shares of the oil and gas company’s stock worth $37,322,000 after buying an additional 41,434 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil signaled that higher oil prices should lift second-quarter upstream earnings by $3.5 billion to $3.9 billion, a direct boost to profitability. Exxon Mobil signals higher second-quarter earnings
• Positive Sentiment: Investors remain focused on ExxonMobil’s completed Texas redomiciliation, while broader oil market strength and tight supply conditions continue to support the stock. ExxonMobil Gains as Oil Firms and Investors Digest Texas Redomiciliation
• Positive Sentiment: Articles highlighting LNG growth and ExxonMobil’s long-term value case may be helping reinforce investor confidence in the company’s integrated energy model and dividend appeal. Global LNG Demand Could Surge 65% by 2050
• Neutral Sentiment: Recent commentary from analysts and market outlets is generally constructive, with ExxonMobil still viewed as a high-quality long-term value name, though some note that softer oil prices could limit upside. After an Almost 20 One-Year Run, is ExxonMobil Still Worth Buying?
• Neutral Sentiment: Institutional and options-related trading interest suggests ExxonMobil remains widely followed, but these flows do not appear to be the main driver of the move today. ExxonMobil Trade Can Pump Out A Premium Or Discounted Shares For The Oil Heavyweight
• Negative Sentiment: Broader oil-market coverage warns that crude prices are still below the $100 threshold and could drift lower if recession concerns deepen, which would pressure energy stocks including ExxonMobil. Oil’s $100 Threshold: What It Means for Energy Stocks Now

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on XOM. 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. Jefferies Financial Group upped their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. TD Cowen cut their price objective on ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. UBS Group lifted their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Sanford C. Bernstein reduced their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.70.

ExxonMobil Stock Up 3.8%

Shares of NYSE:XOM opened at $141.66 on Wednesday. The firm has a market cap of $587.17 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 0.57 and a beta of 0.17. The company has a fifty day simple moving average of $146.94 and a 200 day simple moving average of $145.11. 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 Corporation has a 12-month low of $105.53 and a 12-month high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the business earned $1.76 EPS. On average, equities research analysts anticipate that ExxonMobil Corporation will post 11.9 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

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.