ExxonMobil Corporation $XOM Shares Bought by Navellier & Associates Inc.

Navellier & Associates Inc. raised its holdings in ExxonMobil Corporation (NYSE:XOM) by 3.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,411 shares of the oil and gas company’s stock after purchasing an additional 3,337 shares during the quarter. ExxonMobil accounts for 1.0% of Navellier & Associates Inc.’s holdings, making the stock its 21st largest holding. Navellier & Associates Inc.’s holdings in ExxonMobil were worth $13,045,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil during the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Aventus Investment Advisors Inc. purchased a new position in shares of ExxonMobil during the 2nd quarter worth approximately $27,000. Keewaydin Investments LLC acquired a new stake in ExxonMobil in the 4th quarter valued at approximately $33,000. Finally, Portus Wealth Advisors LLC purchased a new stake in ExxonMobil in the first quarter valued at approximately $36,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XOM shares. Wells Fargo & Company restated an “overweight” rating and set a $182.00 price target on shares of ExxonMobil in a research note on Monday, August 3rd. UBS Group set a $168.00 price objective on ExxonMobil in a report on Friday, August 7th. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Mizuho lowered their target price on ExxonMobil from $175.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 9th. Finally, Weiss Ratings raised ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil has a consensus rating of “Hold” and a consensus target price of $166.10.

ExxonMobil Stock Performance

Shares of XOM stock opened at $156.88 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. ExxonMobil Corporation has a 52 week low of $108.35 and a 52 week high of $176.41. The stock has a market capitalization of $650.26 billion, a PE ratio of 20.19, a P/E/G ratio of 0.62 and a beta of 0.17. The firm has a 50 day moving average of $150.53 and a two-hundred day moving average of $151.87.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, July 31st. The oil and gas company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.04). The company had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period in the prior year, the company posted $1.64 EPS. On average, research analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Monday, August 17th will be issued a dividend of $1.03 per share. The ex-dividend date is Monday, August 17th. This represents a $4.12 annualized dividend and a yield of 2.6%. ExxonMobil’s dividend payout ratio is 53.02%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher oil prices have lifted ExxonMobil’s earnings outlook, reinforcing the bullish view that the company can continue benefiting from its integrated upstream, refining and chemicals operations. I’m Not Selling ExxonMobil, Even With Oil Prices Where They Are
• Positive Sentiment: Valuation analysis indicates XOM may be trading below estimates of its discounted-cash-flow value and below levels suggested by market multiples. The company’s Mozambique LNG contracts also add potential long-term growth and cash-flow support. ExxonMobil Stock Could Trade At A Discount Despite Mozambique LNG Contracts
• Positive Sentiment: ExxonMobil’s low debt load and strong balance sheet provide flexibility to withstand weaker commodity prices, pursue acquisitions and maintain shareholder returns, including its dividend. Why ExxonMobil’s Financial Strength Matters for Investors
• Neutral Sentiment: ExxonMobil is reportedly among potential bidders for Shell’s U.S. chemicals assets, a transaction that could expand its chemicals footprint but would also require significant capital and carry integration risk. Potential Bidders Are Looking at Shell’s Chemical Assets
• Neutral Sentiment: ExxonMobil is scheduled to speak at Barclays’ energy conference, giving investors an opportunity to receive updates on strategy, commodity markets and capital allocation. ExxonMobil to Speak at Barclays 40th Annual Energy-Power Conference
• Negative Sentiment: Crude oil has fallen for several sessions as optimism surrounding the Strait of Hormuz eases the geopolitical supply premium, creating pressure on energy shares and raising concerns about near-term commodity-price momentum. Exxon Slips Below $159 as Hormuz Hope Hits Crude Again
• Negative Sentiment: July PCE inflation exceeded economists’ expectations, potentially keeping interest rates higher for longer and weighing on economically sensitive energy demand and equity valuations. These Three Stocks Are Must-Owns After the PCE Data

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.