Los Angeles Capital Management LLC Has $23.98 Million Stock Holdings in ExxonMobil Corporation $XOM

Los Angeles Capital Management LLC lessened its holdings in ExxonMobil Corporation (NYSE:XOM) by 19.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 209,081 shares of the oil and gas company’s stock after selling 51,447 shares during the quarter. Los Angeles Capital Management LLC’s holdings in ExxonMobil were worth $23,980,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. DB&C Advisors LLC acquired a new stake in shares of ExxonMobil in the fourth quarter worth $355,000. Cookson Peirce & Co. Inc. boosted its position in shares of ExxonMobil by 58.1% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 9,840 shares of the oil and gas company’s stock worth $1,184,000 after buying an additional 3,617 shares during the period. Nemes Rush Group LLC boosted its position in shares of ExxonMobil by 0.7% in the fourth quarter. Nemes Rush Group LLC now owns 79,146 shares of the oil and gas company’s stock worth $9,524,000 after buying an additional 562 shares during the period. Havemeyer Place LP acquired a new stake in shares of ExxonMobil in the fourth quarter worth $5,250,000. Finally, Mitchell Sinkler & Starr PA raised its holdings in shares of ExxonMobil by 8.7% during the fourth quarter. Mitchell Sinkler & Starr PA now owns 21,366 shares of the oil and gas company’s stock worth $2,571,000 after acquiring an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Price Performance

NYSE XOM opened at $150.18 on Monday. ExxonMobil Corporation has a fifty-two week low of $102.68 and a fifty-two week high of $176.41. The stock’s 50-day moving average is $153.96 and its two-hundred day moving average is $141.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The firm has a market cap of $622.50 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 0.64 and a beta of 0.16.

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, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same period last year, the company earned $1.76 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. On average, analysts anticipate that ExxonMobil Corporation will post 11.66 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s advantaged, low-cost assets are highlighted as key growth drivers that can strengthen cash flow and improve resilience, especially if oil prices stay elevated. Here’s How ExxonMobil’s Advantaged Assets Drive Growth and Resilience
• Positive Sentiment: XOM was also described as a top-ranked momentum stock, which may reinforce bullish sentiment among traders looking for relative strength. Exxon Mobil (XOM) is a Top-Ranked Momentum Stock: Should You Buy?
• Positive Sentiment: Several market pieces point to oil stocks staying in focus as geopolitical tensions continue, which can support ExxonMobil through expectations for firmer crude prices. CVX, XOM and SHEL Forecasts – Oil Stocks in Focus as Conflict Continues
• Neutral Sentiment: Analysts and media continue to list ExxonMobil among attractive low-cost energy stocks, and recent price-target revisions remain broadly supportive of the valuation. Exxon Mobil Corporation (XOM) Among the Best Low Cost Stocks to Buy Now
• Neutral Sentiment: Some commentary notes ExxonMobil’s Q1 production dipped versus the prior quarter, which could temper enthusiasm if investors focus on output trends rather than longer-term asset quality. Decoupling Exxon’s Production Growth From Market Reality
• Negative Sentiment: Broader energy-market coverage suggests some caution around the timing of new capital spending and how quickly oil prices can sustain recent strength, which may be weighing on sentiment for large integrated producers like XOM. As the Iran conflict shakes up oil market, where can investors find value?

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays increased their price objective on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Bank of America increased their price objective on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Mizuho increased their price objective on ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Finally, Weiss Ratings lowered ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Ten investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $165.55.

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the transaction, the vice president directly 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 Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

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.