Lombard Odier Asset Management Switzerland SA Has $5.63 Million Holdings in ExxonMobil Corporation $XOM

Lombard Odier Asset Management Switzerland SA decreased its position in shares of ExxonMobil Corporation (NYSE:XOM) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,769 shares of the oil and gas company’s stock after selling 25,636 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in ExxonMobil were worth $5,628,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XOM. Atom Investors LP raised its holdings in shares of ExxonMobil by 21.3% during the fourth quarter. Atom Investors LP now owns 12,189 shares of the oil and gas company’s stock valued at $1,467,000 after purchasing an additional 2,139 shares during the period. Guardian Wealth Advisors LLC NC lifted its holdings in shares of ExxonMobil by 1.1% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 16,488 shares of the oil and gas company’s stock worth $1,984,000 after purchasing an additional 172 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in ExxonMobil during the 4th quarter valued at $202,000. Seneca House Advisors raised its holdings in ExxonMobil by 12.7% during the fourth quarter. Seneca House Advisors now owns 3,294 shares of the oil and gas company’s stock worth $396,000 after buying an additional 372 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of ExxonMobil by 2.0% in the fourth quarter. Captrust Financial Advisors now owns 1,632,385 shares of the oil and gas company’s stock valued at $196,441,000 after buying an additional 32,147 shares in the last quarter. Institutional investors own 61.80% of the company’s stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Bank of America upgraded ExxonMobil from neutral to buy and set a $154 price target, saying the shares look undervalued after the recent pullback. Benzinga
• Positive Sentiment: Exxon filed for a 35-well exploration campaign in Guyana’s Stabroek block, reinforcing growth potential in one of its most important long-term assets. Article Title
• Neutral Sentiment: Analysts and media reports continue to highlight Exxon as a possible acquisition player, including speculation around Woodside Energy, but nothing has been confirmed. Article Title
• Neutral Sentiment: Broader energy stocks are weaker pre-market, which adds sector-wide pressure on XOM even as the stock draws positive analyst commentary. Article Title
• Negative Sentiment: Lower crude prices are the main headwind, since a sustained move below $80 could reduce ExxonMobil’s earnings power and slow investor enthusiasm for its upstream growth story. Article Title

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Mizuho lifted their target price on ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Wells Fargo & Company increased their target price on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a research report on Tuesday, May 5th. Sanford C. Bernstein dropped their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Finally, Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.70.

ExxonMobil Stock Up 0.5%

ExxonMobil stock opened at $141.64 on Wednesday. The firm has a 50 day moving average price of $151.31 and a 200-day moving average price of $142.92. 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 twelve month low of $105.53 and a twelve month high of $176.41. The company has a market capitalization of $587.08 billion, a P/E ratio of 23.88, a P/E/G ratio of 0.60 and a beta of 0.16.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts predict that ExxonMobil Corporation will post 11.8 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is currently 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.