Calamos Advisors LLC Acquires 107,574 Shares of ExxonMobil Corporation $XOM

Calamos Advisors LLC increased its holdings in ExxonMobil Corporation (NYSE:XOM) by 9.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,282,150 shares of the oil and gas company’s stock after purchasing an additional 107,574 shares during the period. ExxonMobil makes up 0.8% of Calamos Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Calamos Advisors LLC’s holdings in ExxonMobil were worth $217,530,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisors LLC increased its holdings in shares of ExxonMobil by 6.6% during the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after buying an additional 14,233 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of ExxonMobil by 2.3% during the fourth quarter. Sanctuary Advisors LLC now owns 1,048,409 shares of the oil and gas company’s stock valued at $126,166,000 after purchasing an additional 23,668 shares in the last quarter. Clear Trail Advisors LLC bought a new stake in shares of ExxonMobil during the fourth quarter worth about $28,728,000. Midwest Trust Co grew its holdings in shares of ExxonMobil by 3.9% during the first quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after purchasing an additional 26,411 shares during the last quarter. Finally, King Luther Capital Management Corp increased its stake in shares of ExxonMobil by 2.4% in the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock valued at $200,366,000 after buying an additional 38,492 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on XOM shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a report on Tuesday, May 5th. Weiss Ratings lowered ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Wells Fargo & Company increased their target price on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Barclays raised their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, TD Cowen dropped their price target on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.45.

More ExxonMobil News

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.

ExxonMobil Stock Performance

Shares of XOM opened at $147.56 on Friday. The stock has a 50-day moving average of $145.78 and a 200-day moving average of $146.31. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. 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 company has a market cap of $611.62 billion, a PE ratio of 24.88, a P/E/G ratio of 0.60 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced 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. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same quarter in the previous year, the business posted $1.76 EPS. ExxonMobil’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts predict that ExxonMobil Corporation will post 11.43 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The business 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. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

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.