Resources Management Corp CT ADV Has $6.69 Million Stock Holdings in ExxonMobil Corporation $XOM

Resources Management Corp CT ADV grew its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 57.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,561 shares of the oil and gas company’s stock after purchasing an additional 20,376 shares during the quarter. Resources Management Corp CT ADV’s holdings in ExxonMobil were worth $6,686,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Berbice Capital Management LLC acquired a new position in shares of ExxonMobil during the 4th quarter worth approximately $26,000. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil during the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. increased 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 last quarter. Key Capital Management INC acquired a new position in shares of ExxonMobil during the 4th quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of ExxonMobil during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Analysts at Erste Group Bank raised their earnings estimates for ExxonMobil, signaling confidence in the company’s profit outlook and providing a supportive fundamental backdrop for the stock.
• Positive Sentiment: Reports that ExxonMobil is exploring potential acquisition targets, including Australia’s Woodside Energy Group, suggest management may be looking to expand its natural gas footprint and pursue growth through M&A. Article: Exxon Mobil evaluates potential buyout of Australia Woodside Energy, Bloomberg News reports
• Positive Sentiment: Investor commentary describing ExxonMobil as a “constructive” value idea, along with articles highlighting its low debt and ability to handle business uncertainty, points to continued appeal as a defensive energy name.
• Positive Sentiment: Broader energy stocks were higher late Friday, which likely lifted ExxonMobil along with the sector. Article: Sector Update: Energy Stocks Higher Late Afternoon
• Neutral Sentiment: Reuters and other outlets also reported that ExxonMobil’s head of global trading is set to retire, but the move looks more like a routine leadership change than a major business disruption. Article: Exxon Mobil set to place Alex Volkov as head of global trading, sources say
• Neutral Sentiment: Articles noting ExxonMobil’s strong one-year share gains may reinforce the stock’s valuation debate, but they are unlikely to be the main driver of near-term trading.
• Negative Sentiment: Exxon’s planned work at its Beaumont, Texas complex could create temporary operational noise, though the notice did not suggest a major outage or earnings issue. Article: Exxon plans work at Beaumont, Texas complex, says online notice

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. UBS Group boosted their price target on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Morgan Stanley lowered their price target on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group boosted their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Ten analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $165.55.

ExxonMobil Stock Down 0.1%

XOM stock opened at $146.80 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $608.47 billion, a PE ratio of 24.76, a PEG ratio of 0.62 and a beta of 0.16. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The business’s 50 day simple moving average is $152.09 and its 200 day simple moving average is $142.55.

ExxonMobil (NYSE:XOM) last posted its 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 business had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 EPS. As a group, research analysts anticipate that ExxonMobil Corporation will post 11.8 EPS for the current year.

ExxonMobil Announces Dividend

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

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.