ExxonMobil Corporation $XOM Shares Purchased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC raised its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 7.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,216 shares of the oil and gas company’s stock after purchasing an additional 6,355 shares during the quarter. ExxonMobil comprises 1.2% of Turtle Creek Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Turtle Creek Wealth Advisors LLC’s holdings in ExxonMobil were worth $15,985,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Flagstone Financial Management lifted its holdings in shares of ExxonMobil by 2.1% during the first quarter. Flagstone Financial Management now owns 6,820 shares of the oil and gas company’s stock worth $1,157,000 after purchasing an additional 140 shares during the period. Sierra Summit Advisors LLC purchased a new position in ExxonMobil during the 1st quarter worth approximately $973,000. Private Advisor Group LLC raised its position in ExxonMobil by 13.0% during the 1st quarter. Private Advisor Group LLC now owns 669,612 shares of the oil and gas company’s stock worth $113,606,000 after buying an additional 77,011 shares during the last quarter. Optas LLC lifted its stake in ExxonMobil by 13.0% during the 1st quarter. Optas LLC now owns 9,813 shares of the oil and gas company’s stock valued at $1,665,000 after acquiring an additional 1,129 shares during the period. Finally, VAUGHAN & Co SECURITIES INC. purchased a new stake in shares of ExxonMobil in the 1st quarter valued at $226,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Price Performance

NYSE:XOM opened at $141.66 on Wednesday. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. 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 has a market capitalization 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 stock’s 50-day moving average price is $146.94 and its 200-day moving average price is $145.11.

ExxonMobil (NYSE:XOM) last released 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. The company had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. As a group, equities analysts expect that ExxonMobil Corporation will post 11.9 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is presently 69.48%.

Analyst Ratings Changes

A number of analysts have recently weighed in on XOM shares. TD Cowen cut their price objective on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Bank of America raised ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Tuesday, June 16th. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Finally, Piper Sandler decreased their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Eleven investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.70.

Key Stories Impacting ExxonMobil

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

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.