Private Advisor Group LLC Buys 77,011 Shares of ExxonMobil Corporation $XOM

Private Advisor Group LLC grew its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 13.0% in the first quarter, Holdings Channel reports. The fund owned 669,612 shares of the oil and gas company’s stock after acquiring an additional 77,011 shares during the quarter. ExxonMobil accounts for about 0.5% of Private Advisor Group LLC’s portfolio, making the stock its 28th largest position. Private Advisor Group LLC’s holdings in ExxonMobil were worth $113,606,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in ExxonMobil in the fourth quarter worth $26,000. Midwest Capital Advisors LLC purchased a new position in shares of ExxonMobil during the 4th quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. grew its stake 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 acquiring an additional 187 shares during the period. Key Capital Management INC purchased a new stake in ExxonMobil in the 4th quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in ExxonMobil in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Key Headlines 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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. HSBC boosted their price objective on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a report on Friday, March 20th. UBS Group lifted their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Piper Sandler cut their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a report on Friday, April 17th. Eleven investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.70.

ExxonMobil Stock Up 3.8%

Shares of NYSE:XOM opened at $141.66 on Wednesday. The stock’s 50-day moving average is $146.94 and its 200 day moving average is $145.11. The company has a market cap of $587.17 billion, a PE ratio of 23.89, a P/E/G ratio of 0.57 and a beta of 0.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41.

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, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm 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 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that ExxonMobil Corporation will post 11.9 EPS for the current year.

ExxonMobil Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors 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 yield of 2.9%. ExxonMobil’s payout ratio is 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.