University of Texas Texas AM Investment Management Co. Increases Position in ExxonMobil Corporation $XOM

University of Texas Texas AM Investment Management Co. lifted its stake in ExxonMobil Corporation (NYSE:XOM) by 18.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,640 shares of the oil and gas company’s stock after acquiring an additional 8,512 shares during the period. ExxonMobil accounts for 0.9% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 14th largest position. University of Texas Texas AM Investment Management Co.’s holdings in ExxonMobil were worth $6,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. ICW Investment Advisors LLC raised its holdings in ExxonMobil by 0.3% in 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. Fortis Capital Management LLC lifted its position in shares of ExxonMobil by 2.0% during the fourth quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 70 shares during the last quarter. Peoples Bank OH boosted its holdings in shares of ExxonMobil by 0.5% in the 4th quarter. Peoples Bank OH now owns 14,993 shares of the oil and gas company’s stock valued at $1,804,000 after buying an additional 71 shares in the last quarter. Paulson Wealth Management Inc. boosted its holdings in shares of ExxonMobil by 1.0% in the 4th quarter. Paulson Wealth Management Inc. now owns 7,368 shares of the oil and gas company’s stock valued at $887,000 after buying an additional 72 shares in the last quarter. Finally, Peirce Capital Management LLC grew its position in shares of ExxonMobil by 1.7% in the 4th quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock worth $516,000 after buying an additional 72 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on XOM shares. TD Cowen reissued a “buy” rating on shares of ExxonMobil in a research report on Monday. Bank of America lifted their price target on shares of ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Wells Fargo & Company upped their price target on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. HSBC increased their price objective on ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a report on Friday, March 20th. Finally, Weiss Ratings cut ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $165.55.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $140.86 on Tuesday. The company has a 50 day moving average price of $151.69 and a 200 day moving average price of $142.73. The firm has a market capitalization of $583.84 billion, a P/E ratio of 23.75, a PEG ratio of 0.62 and a beta of 0.16. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the previous year, the firm earned $1.76 EPS. ExxonMobil’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that ExxonMobil Corporation will post 11.8 EPS for the current year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. ExxonMobil’s payout ratio is 69.48%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil is reportedly considering an early-stage acquisition of Australia’s Woodside Energy, which could expand its global LNG and upstream footprint if a deal materializes. Exxon Mobil Mulling Acquisition of Australia’s Woodside Energy, Bloomberg Reports
• Positive Sentiment: ExxonMobil sought environmental approval for a 35-well exploration campaign offshore Guyana, reinforcing its growth prospects in one of its most important long-term oil regions. Exxon Mobil seeks environmental permit for exploration in offshore Guyana
• Neutral Sentiment: Analyst commentary highlighted ExxonMobil’s low-cost Permian Basin and Guyana assets as well positioned to benefit if crude prices remain elevated, which supports the bull case but does not add new company-specific news. Will Strong Oil Prices Boost ExxonMobil’s Energy Business?
• Negative Sentiment: Woodside publicly denied that it is in takeover talks with ExxonMobil, tempering expectations that an acquisition bid is imminent. Australia’s Woodside Energy says it is unaware of any proposal involving Exxon Mobil
• Negative Sentiment: Broader energy-sector weakness also weighed on XOM, as oil prices fell to multi-month lows after geopolitical tensions eased, reducing near-term earnings support for integrated oil producers. Oil Prices Slump to 3-Month Lows, Exxon and Chevron Stocks Fall After U.S., Iran Deal

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.