NFSG Corp Has $2.65 Million Stock Position in ExxonMobil Corporation $XOM

NFSG Corp cut its position in ExxonMobil Corporation (NYSE:XOM) by 29.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 15,608 shares of the oil and gas company’s stock after selling 6,616 shares during the quarter. NFSG Corp’s holdings in ExxonMobil were worth $2,648,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in XOM. Northstar Financial Companies Inc. raised its stake in ExxonMobil by 27.4% during the 1st quarter. Northstar Financial Companies Inc. now owns 19,261 shares of the oil and gas company’s stock worth $3,268,000 after buying an additional 4,140 shares during the period. Signet Financial Management LLC grew its stake in ExxonMobil by 6.7% in the first quarter. Signet Financial Management LLC now owns 3,944 shares of the oil and gas company’s stock valued at $669,000 after acquiring an additional 246 shares during the period. SouthState Bank Corp grew its stake in ExxonMobil by 5.7% in the first quarter. SouthState Bank Corp now owns 78,667 shares of the oil and gas company’s stock valued at $13,347,000 after acquiring an additional 4,261 shares during the period. BlueChip Wealth Advisors LLC increased its holdings in shares of ExxonMobil by 5.7% during the first quarter. BlueChip Wealth Advisors LLC now owns 3,970 shares of the oil and gas company’s stock valued at $674,000 after acquiring an additional 215 shares in the last quarter. Finally, Camden National Bank raised its position in shares of ExxonMobil by 1.4% during the first quarter. Camden National Bank now owns 9,433 shares of the oil and gas company’s stock worth $1,600,000 after purchasing an additional 126 shares during the period. 61.80% of the stock is owned by institutional investors.

ExxonMobil Trading Up 1.1%

Shares of ExxonMobil stock opened at $147.56 on Friday. The company has a market capitalization of $611.62 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 0.61 and a beta of 0.17. The stock has a fifty day simple moving average of $145.78 and a 200 day simple moving average of $146.31. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. 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 (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion for 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%.The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. On average, sell-side analysts anticipate that ExxonMobil Corporation will post 11.38 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. ExxonMobil’s dividend payout ratio is currently 69.48%.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s expanding LNG portfolio, including the Golden Pass project and other developments, could lift export capacity and future cash flows, strengthening the company’s long-term growth outlook. Will ExxonMobil’s Expanding LNG Portfolio Drive Long-Term Growth?
• Positive Sentiment: Analysts remain upbeat on ExxonMobil, with one report citing an average price target of $164.45, suggesting Wall Street still sees upside from current levels. Analysts Set ExxonMobil Corporation (NYSE:XOM) Target Price at $164.45
• Positive Sentiment: Erste Group raised its FY2027 EPS estimate for ExxonMobil to $10.80 from $10.49, reinforcing expectations that earnings will stay strong over the next few years.

Analyst Upgrades and Downgrades

XOM has been the subject of several research reports. Bank of America raised shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Tuesday, June 16th. Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Mizuho dropped their price objective on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Sanford C. Bernstein reduced their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, May 11th. 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 analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, ExxonMobil currently has an average rating of “Moderate Buy” and an average target price of $164.45.

ExxonMobil Company 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.