Marietta Investment Partners LLC Sells 5,138 Shares of ExxonMobil Corporation $XOM

Marietta Investment Partners LLC reduced its position in ExxonMobil Corporation (NYSE:XOM) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,994 shares of the oil and gas company’s stock after selling 5,138 shares during the quarter. ExxonMobil makes up about 1.1% of Marietta Investment Partners LLC’s investment portfolio, making the stock its 25th largest holding. Marietta Investment Partners LLC’s holdings in ExxonMobil were worth $5,776,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XOM. Berbice Capital Management LLC bought a new position in shares of ExxonMobil in the fourth quarter worth approximately $26,000. Midwest Capital Advisors LLC bought a new position in shares of ExxonMobil in the fourth quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the period. Key Capital Management INC bought a new position in shares of ExxonMobil in the fourth quarter worth approximately $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of ExxonMobil in the fourth quarter worth approximately $32,000. 61.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XOM has been the subject of a number of recent analyst reports. BNP Paribas Exane set a $165.00 price target on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. BMO Capital Markets reiterated a “market perform” rating and issued a $155.00 price target on shares of ExxonMobil in a research report on Wednesday, February 4th. Wells Fargo & Company upped their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein dropped their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research report on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, ExxonMobil has a consensus rating of “Hold” and an average price target of $165.55.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s Permian operations are highlighted as a major profit driver, with low breakeven costs in the Midland and Delaware basins and rising production that could boost margins if oil prices stay elevated. Article: ExxonMobil’s Permian Advantage: Low Breakeven, Rising Production
• Positive Sentiment: A senior Exxon executive warned that Brent could surge to $150-$160 per barrel in coming weeks as global inventories approach historic lows, reinforcing the bullish case for ExxonMobil’s upstream earnings. Article: Exxon SVP Warns Oil Could Spike to $150-160 Per Barrel in ‘Coming Weeks’
• Positive Sentiment: The U.S. Strategic Petroleum Reserve continues to fall toward its lowest level since the early 1980s, which may support higher oil prices and improve the outlook for ExxonMobil’s production and refining economics. Article: US Strategic Petroleum Reserve on pace to hit lowest level since the early 1980s later this month
• Positive Sentiment: Reports that ExxonMobil is weighing a return to Venezuela suggest potential access to more reserves and long-term production opportunities, which could add upside if negotiations progress. Article: Exxon Mobil Weighs Venezuela Return And Valuation Upside For Investors
• Positive Sentiment: Investor optimism also stems from ExxonMobil’s Texas domicile move and continuing growth plans in the Permian Basin, both of which reinforce a long-term expansion narrative for the company. Article: Exxon Mobil Texas Move And What It Means For XOM Valuation
• Neutral Sentiment: Broader energy-sector commentary continues to place ExxonMobil on watchlists, but these articles are mostly screening/overview pieces rather than new company-specific developments. Article: Oil Stocks To Add to Your Watchlist – May 30th
• Neutral Sentiment: Market chatter around Iran and geopolitical tensions is helping oil prices, which can lift XOM, but the impact is indirect and depends on how long the supply risk persists. Article: Exxon (XOM) roars back as one Iran headline reignites oil

ExxonMobil Stock Performance

Shares of NYSE XOM opened at $152.92 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market cap of $633.83 billion, a P/E ratio of 25.79, a P/E/G ratio of 0.64 and a beta of 0.16. The firm’s fifty day moving average is $154.49 and its two-hundred day moving average is $140.97. ExxonMobil Corporation has a 52-week low of $101.73 and a 52-week high of $176.41.

ExxonMobil (NYSE:XOM) last announced its quarterly 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 for 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%. ExxonMobil’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. As a group, analysts anticipate that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

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

Insider Transactions at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the company’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 of the company’s stock, valued at $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is currently owned by insiders.

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.