ExxonMobil Corporation $XOM Shares Purchased by Independent Advisor Alliance

Independent Advisor Alliance lifted its position in ExxonMobil Corporation (NYSE:XOM) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,883 shares of the oil and gas company’s stock after purchasing an additional 6,173 shares during the period. ExxonMobil comprises about 0.8% of Independent Advisor Alliance’s portfolio, making the stock its 18th biggest holding. Independent Advisor Alliance’s holdings in ExxonMobil were worth $34,403,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in ExxonMobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in ExxonMobil by 218.4% in the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after purchasing an additional 2,546,791 shares during the period. AQR Capital Management LLC grew its holdings in ExxonMobil by 105.4% in the third quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock valued at $329,797,000 after purchasing an additional 1,501,235 shares during the period. Bessemer Group Inc. grew its holdings in ExxonMobil by 119.4% in the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock valued at $301,310,000 after purchasing an additional 1,454,308 shares during the period. Finally, Legal & General Group Plc grew its holdings in ExxonMobil by 4.5% in the third quarter. Legal & General Group Plc now owns 20,396,334 shares of the oil and gas company’s stock valued at $2,299,687,000 after purchasing an additional 886,087 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Stock Performance

Shares of NYSE:XOM opened at $150.59 on Wednesday. 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 business’s 50 day moving average price is $154.92 and its 200-day moving average price is $136.80. The firm has a market capitalization of $624.17 billion, a PE ratio of 25.39, a P/E/G ratio of 0.66 and a beta of 0.19. ExxonMobil Corporation has a 1 year low of $101.18 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The firm 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 business’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. As a group, equities research analysts expect that ExxonMobil Corporation will post 11.45 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. ExxonMobil’s payout ratio is currently 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is being highlighted as a blue-chip dividend stock, with UBS recently raising its price target and investors continuing to favor large integrated oil companies for income and stability.
• Positive Sentiment: Rising crude prices and fuel-market disruption tied to Middle East tensions could support ExxonMobil’s upstream earnings, while its large Beaumont refinery may benefit from cheaper domestic crude and wider refining margins.
• Positive Sentiment: Recent commentary also points to ExxonMobil’s strong one-year rally and its scale in the Dow and global energy markets as evidence of durable investor appeal.
• Neutral Sentiment: Some investors are questioning whether ExxonMobil is still a value buy after its strong run, noting that the stock has pulled back modestly from recent highs and may already reflect much of the good news.
• Neutral Sentiment: The company’s upcoming ex-dividend date may draw income investors, but it is more of a routine calendar event than a major fundamental catalyst.
• Negative Sentiment: Proxy adviser ISS recommended shareholders vote against ExxonMobil’s plan to move its registration to Texas, citing concerns that the change could make it harder for shareholders to hold directors and officers accountable.

Wall Street Analysts Forecast Growth

Several analysts have commented on XOM shares. Mizuho raised their price objective on ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Jefferies Financial Group raised their price objective on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Loop Capital set a $123.00 price target on shares of ExxonMobil in a research report on Tuesday, February 3rd. Morgan Stanley reduced their price target on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Finally, Piper Sandler reduced 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ExxonMobil has a consensus rating of “Moderate Buy” and an average price target of $163.95.

Insider Activity

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is owned by corporate 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.