Krilogy Financial LLC Grows Stock Position in ExxonMobil Corporation $XOM

Krilogy Financial LLC increased its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 19.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 42,754 shares of the oil and gas company’s stock after purchasing an additional 6,954 shares during the period. Krilogy Financial LLC’s holdings in ExxonMobil were worth $7,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of XOM. ICW Investment Advisors LLC raised its holdings in ExxonMobil by 0.3% during the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock worth $3,043,000 after purchasing an additional 69 shares in the last quarter. Swisher Financial Concepts Inc. boosted its holdings in ExxonMobil by 0.3% in the 1st quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock valued at $4,649,000 after purchasing an additional 69 shares in the last quarter. Fortis Capital Management LLC increased its position in ExxonMobil by 2.0% during the 4th quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 70 shares during the period. Peoples Bank OH increased its position in ExxonMobil by 0.5% during the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock worth $1,804,000 after purchasing an additional 71 shares during the period. Finally, Paulson Wealth Management Inc. raised its stake in shares of ExxonMobil by 1.0% during the 4th quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock worth $887,000 after buying an additional 72 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on XOM shares. Barclays raised their price target on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Tuesday, June 16th. Morgan Stanley reduced their target price on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a report on Friday, April 17th. JPMorgan Chase & Co. boosted their target price on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus price target of $165.70.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: The U.S. Supreme Court ruled in ExxonMobil’s favor in a long-running lawsuit over property seized by Cuba, reviving Exxon’s ability to pursue damages and potentially unlocking a legal win that could add value over time. Supreme Court Sides With Exxon in Lawsuit Over Assets Seized by Cuba
• Positive Sentiment: Analysts continue to point to Exxon’s upstream business as well positioned to benefit from still-supportive oil prices, with growth assets in the Permian Basin and Guyana helping underpin production and earnings. Can ExxonMobil’s Upstream Business Thrive at Current Oil Prices?
• Positive Sentiment: ExxonMobil has applied to expand its footprint in Guyana, which would reinforce one of its most important long-term growth areas if approved. Exxon Mobil Applies to Expand Footprint in Guyana
• Neutral Sentiment: Longer-term commentary suggests ExxonMobil may look different by 2040, but it is still expected to remain an integrated oil giant; the note is more about strategic evolution than a near-term catalyst. Prediction: You Won’t Recognize ExxonMobil in 2040
• Negative Sentiment: President Trump said the Department of Justice is investigating ExxonMobil and other major oil companies over elevated natural gas prices, creating headline risk and potential regulatory pressure. Trump says Exxon, Chevron among firms probed as part of surge in gas prices
• Negative Sentiment: Oil prices have eased from recent highs, and the broader energy sector has been under pressure as supply concerns fade, which can weigh on ExxonMobil’s near-term earnings expectations. NOV and Transocean Stocks Trade Down, What You Need To Know

ExxonMobil Stock Performance

XOM opened at $137.40 on Friday. ExxonMobil Corporation has a 1-year low of $105.53 and a 1-year high of $176.41. The stock has a market cap of $569.50 billion, a P/E ratio of 23.17, a P/E/G ratio of 0.58 and a beta of 0.16. The stock’s 50 day simple moving average is $148.85 and its 200 day simple moving average is $144.01. 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 (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.ExxonMobil’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. As a group, equities analysts anticipate that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The company 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 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.