Baader Bank Aktiengesellschaft Boosts Stake in ExxonMobil Corporation $XOM

Baader Bank Aktiengesellschaft raised its position in ExxonMobil Corporation (NYSE:XOM) by 138.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,348 shares of the oil and gas company’s stock after purchasing an additional 17,020 shares during the period. Baader Bank Aktiengesellschaft’s holdings in ExxonMobil were worth $3,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System grew its position in shares of ExxonMobil by 2.6% during the 3rd quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after acquiring an additional 5,573 shares during the period. Capital Investment Advisors LLC grew its position in shares of ExxonMobil by 6.6% during the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after acquiring an additional 14,233 shares during the period. New Age Alpha Advisors LLC grew its position in shares of ExxonMobil by 5.6% during the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock valued at $18,778,000 after acquiring an additional 8,853 shares during the period. HORAN Wealth LLC grew its position in shares of ExxonMobil by 78.3% during the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock valued at $1,486,000 after acquiring an additional 5,788 shares during the period. Finally, Krilogy Financial LLC grew its position in shares of ExxonMobil by 46.6% during the 3rd quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock valued at $3,997,000 after acquiring an additional 11,177 shares during the period. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Citigroup upped their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. HSBC upped their price target on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Friday, March 20th. Mizuho upped their price target on shares of ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Finally, Zacks Research upgraded shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.95.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Rising geopolitical risk and reports that Iran’s main oil terminal has gone dark are supporting crude prices, which can boost ExxonMobil’s upstream earnings and free cash flow. Trump Walks Into Beijing with a New Ace Card: Iran’s Main Oil Terminal Has Gone Dark
• Positive Sentiment: Market commentary says ExxonMobil could benefit from a powerful refining margin environment, since its Beaumont refinery can process large volumes of discounted crude while selling fuels into a tighter global market. The Great SPR Arbitrage: An Oil Market Glitch Fuels Sector Gains
• Neutral Sentiment: Reuters reported that proxy advisers Glass Lewis and ISS are opposing some of Exxon’s board positions ahead of the annual meeting, including the proposal to redomicile in Texas. This creates a governance overhang, but it is not directly tied to operations. Exxon, Chevron face dissent from proxy firms ahead of annual meetings
• Neutral Sentiment: Investor articles continue to highlight ExxonMobil as a blue-chip dividend and long-term energy holding, reflecting steady sentiment rather than a new catalyst. If You Buy ExxonMobil (XOM) Stock Today, Here’s Where It Could Be in 5 Years
• Negative Sentiment: ISS also recommended investors vote against Exxon’s move to Texas, which could raise concerns about shareholder accountability and weigh on sentiment around the annual meeting. ISS recommends shareholders vote against Exxon moving its registration to Texas

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the sale, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

ExxonMobil Stock Performance

NYSE XOM opened at $151.61 on Thursday. ExxonMobil Corporation has a 1 year low of $101.18 and a 1 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 stock has a market capitalization of $628.41 billion, a PE ratio of 25.57, a P/E/G ratio of 0.66 and a beta of 0.19. The company’s 50 day simple moving average is $154.87 and its two-hundred day simple moving average is $137.05.

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, topping the consensus estimate of $0.98 by $0.18. The business had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 EPS. Analysts predict that ExxonMobil Corporation will post 11.5 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio (DPR) is 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.