Rep. Kevin Hern ExxonMobil Corporation (NYSE:XOM) Stock

Representative Kevin Hern (Republican-Oklahoma) recently bought shares of ExxonMobil Corporation (NYSE:XOM). In a filing disclosed on July 16th, the Representative disclosed that they had bought between $100,001 and $250,000 in ExxonMobil stock on July 2nd. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST > BROKERAGE INVESTMENT ACCOUNT” account.

ExxonMobil Stock Performance

Shares of NYSE:XOM traded up $1.61 during midday trading on Friday, reaching $147.56. The company’s stock had a trading volume of 19,015,226 shares, compared to its average volume of 14,054,822. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $145.78 and a 200 day moving average of $146.31. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The firm has a market capitalization 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 posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm’s quarterly 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. On average, equities analysts expect that ExxonMobil Corporation will post 11.43 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were paid a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.8%. ExxonMobil’s dividend payout ratio is presently 69.48%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Diversified Trust Co. grew its stake in shares of ExxonMobil by 9.1% in the 2nd quarter. Diversified Trust Co. now owns 144,820 shares of the oil and gas company’s stock valued at $19,800,000 after buying an additional 12,076 shares during the period. Rosenberg Matthew Hamilton increased its holdings in shares of ExxonMobil by 3.5% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 13,466 shares of the oil and gas company’s stock worth $1,841,000 after buying an additional 460 shares during the last quarter. LifeSteps Financial Inc. raised its position in shares of ExxonMobil by 0.9% during the 2nd quarter. LifeSteps Financial Inc. now owns 12,052 shares of the oil and gas company’s stock valued at $1,648,000 after buying an additional 104 shares during the period. O Connor Financial Group LLC lifted its holdings in ExxonMobil by 3.1% in the second quarter. O Connor Financial Group LLC now owns 3,622 shares of the oil and gas company’s stock valued at $495,000 after acquiring an additional 109 shares during the last quarter. Finally, Amplius Wealth Advisors LLC lifted its holdings in ExxonMobil by 17.8% in the second quarter. Amplius Wealth Advisors LLC now owns 6,453 shares of the oil and gas company’s stock valued at $882,000 after acquiring an additional 977 shares during the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on XOM shares. Piper Sandler decreased their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Wolfe Research cut shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. Scotiabank upped their price target on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a 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 research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.45.

Trending Headlines about ExxonMobil

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.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.