SwitchPoint Financial Planning LLC Makes New $850,000 Investment in ExxonMobil Corporation $XOM

SwitchPoint Financial Planning LLC bought a new position in shares of ExxonMobil Corporation (NYSE:XOM) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 5,008 shares of the oil and gas company’s stock, valued at approximately $850,000.

A number of other institutional investors and hedge funds also recently modified their holdings of XOM. Capital Planning LLC acquired a new stake in shares of ExxonMobil in the 1st quarter valued at approximately $284,000. Austin Asset Management Co Inc grew its holdings in ExxonMobil by 69.4% during the first quarter. Austin Asset Management Co Inc now owns 9,774 shares of the oil and gas company’s stock valued at $1,658,000 after purchasing an additional 4,003 shares during the period. Cahaba Wealth Management Inc. increased its stake in ExxonMobil by 1.5% in the first quarter. Cahaba Wealth Management Inc. now owns 6,672 shares of the oil and gas company’s stock valued at $1,132,000 after purchasing an additional 98 shares in the last quarter. Seelaus Asset Management LLC increased its stake in ExxonMobil by 5.8% in the first quarter. Seelaus Asset Management LLC now owns 13,475 shares of the oil and gas company’s stock valued at $2,286,000 after purchasing an additional 740 shares in the last quarter. Finally, Sageworth Trust Co of South Dakota raised its holdings in ExxonMobil by 15.8% in the first quarter. Sageworth Trust Co of South Dakota now owns 3,522 shares of the oil and gas company’s stock worth $598,000 after purchasing an additional 480 shares during the period. 61.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on XOM shares. UBS Group boosted their price target on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. HSBC raised their price objective on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. Barclays boosted their target price on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, TD Cowen cut their price objective on ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.45.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil said it is expanding in Nigeria with a $1 billion Usan Infill Project, which is expected to restore drilling activity there and add about 40,000 barrels per day within 18 months. Article Title
• Positive Sentiment: Analysts say strong commodity tailwinds, including higher crude prices and margin gains, could lift XOM’s second-quarter results and support near-term earnings strength. Article Title
• Positive Sentiment: Oil-market commentary suggests major U.S. producers, including ExxonMobil, could benefit financially from geopolitical disruption and higher crude prices, without needing to materially increase drilling right away. Article Title
• Neutral Sentiment: Some market coverage says XOM’s valuation looks reasonable on earnings, but the stock may be stretched after a large multi-year run, which could limit upside if expectations get too high. Article Title
• Negative Sentiment: Mizuho lowered its price target on ExxonMobil to $170 and kept a neutral stance, signaling less aggressive upside expectations from one Wall Street firm. Article Title
• Negative Sentiment: Recent trading commentary noted XOM underperformed the broader market in a down session, reflecting investor caution around energy stocks when crude prices soften. Article Title

ExxonMobil Price Performance

XOM stock opened at $138.84 on Monday. The stock has a 50-day moving average price of $146.22 and a two-hundred day moving average price of $145.57. The stock has a market cap of $575.47 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 0.56 and a beta of 0.17. 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 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 results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The company 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 company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 earnings per share. Equities analysts forecast that ExxonMobil Corporation will post 11.69 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

About ExxonMobil

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.