Kingdom Financial Group LLC. Has $1.09 Million Stock Position in ExxonMobil Corporation $XOM

Kingdom Financial Group LLC. increased its position in shares of ExxonMobil Corporation (NYSE:XOM) by 59.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,060 shares of the oil and gas company’s stock after purchasing an additional 3,395 shares during the quarter. ExxonMobil makes up about 0.3% of Kingdom Financial Group LLC.’s holdings, making the stock its 28th biggest position. Kingdom Financial Group LLC.’s holdings in ExxonMobil were worth $1,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Berbice Capital Management LLC purchased a new position in ExxonMobil during the fourth quarter worth about $26,000. Midwest Capital Advisors LLC purchased a new position in ExxonMobil during the fourth quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in 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 purchasing an additional 187 shares during the last quarter. Key Capital Management INC purchased a new position in ExxonMobil during the fourth quarter worth about $28,000. Finally, Westfuller Advisors LLC purchased a new position in ExxonMobil during the third quarter worth about $30,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

ExxonMobil Price Performance

Shares of ExxonMobil stock opened at $155.38 on Friday. ExxonMobil Corporation has a 52-week low of $101.18 and a 52-week high of $176.41. The stock has a market capitalization of $644.06 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 0.68 and a beta of 0.19. The company has a fifty day moving average of $155.73 and a 200-day moving average of $138.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.98 by $0.18. The business 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 company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 EPS. Equities research analysts expect that ExxonMobil Corporation will post 11.49 EPS for the current year.

ExxonMobil Announces Dividend

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 issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio (DPR) is presently 69.48%.

Analyst Ratings Changes

Several brokerages have commented on XOM. Piper Sandler lowered their price objective on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Jefferies Financial Group boosted their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Finally, BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average target price of $163.95.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is reportedly in talks to acquire rights to produce oil in Venezuela, a potential reopening of a market it left roughly 20 years ago and had recently called “uninvestable,” which could add a meaningful long-term production opportunity if geopolitical conditions allow. Article Title
• Positive Sentiment: Exxon, QatarEnergy, and Egypt signed a preliminary agreement to study Cyprus gas development, reinforcing ExxonMobil’s LNG and gas growth strategy and its ability to monetize new discoveries through existing regional infrastructure. Article Title
• Positive Sentiment: Analyst commentary highlighted ExxonMobil’s resilience, pointing to its strong balance sheet, low debt, and ability to keep funding projects and dividends even when oil and gas prices fluctuate. Article Title
• Positive Sentiment: ExxonMobil’s LNG footprint is expanding, with coverage noting rising power demand and additional export capacity as supportive of long-term growth. Article Title
• Neutral Sentiment: Technical analysis suggests XOM is pulling back after a breakout and testing support levels, which leaves the near-term trend dependent on whether buyers defend those levels. Article Title
• Neutral Sentiment: Several articles on valuation, peer comparisons, and “top oil stock” watchlists may support investor interest, but they do not add a major new fundamental catalyst by themselves. Article Title
• Negative Sentiment: Ongoing governance and proxy-adviser conflict headlines, including Exxon’s fight with ISS and Glass Lewis, keep legal and boardroom friction in view and could weigh on sentiment if the dispute escalates. Article Title

ExxonMobil Profile

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.