Cambient Family Office LLC Buys Shares of 37,551 ExxonMobil Corporation $XOM

Cambient Family Office LLC bought a new stake in ExxonMobil Corporation (NYSE:XOM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,551 shares of the oil and gas company’s stock, valued at approximately $4,519,000.

Other hedge funds have also made changes to their positions in the company. Capital Investment Advisors LLC boosted its position in ExxonMobil by 6.6% during the fourth quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock valued at $27,857,000 after purchasing an additional 14,233 shares during the last quarter. New Age Alpha Advisors LLC increased its position in ExxonMobil by 5.6% in the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after purchasing an additional 8,853 shares during the last quarter. Roberts Capital Advisors LLC acquired a new position in ExxonMobil in the 3rd quarter worth about $1,240,000. Midland Wealth Advisors LLC raised its stake in shares of ExxonMobil by 95.0% during the 3rd quarter. Midland Wealth Advisors LLC now owns 44,675 shares of the oil and gas company’s stock worth $5,037,000 after purchasing an additional 21,766 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of ExxonMobil by 9.0% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 410,046 shares of the oil and gas company’s stock worth $46,233,000 after purchasing an additional 33,950 shares in the last quarter. 61.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on XOM shares. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. BNP Paribas Exane set a $165.00 price objective on shares of ExxonMobil and gave the company a “neutral” rating in a research report on Friday, April 17th. TD Cowen reiterated a “buy” rating on shares of ExxonMobil in a research note on Monday. UBS Group boosted their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Wells Fargo & Company increased their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.70.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $137.84 on Friday. The stock has a market capitalization of $571.36 billion, a P/E ratio of 23.25, a P/E/G ratio of 0.60 and a beta of 0.16. The business has a 50-day moving average of $150.34 and a two-hundred day moving average of $143.26. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week 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.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $81.13 billion. During the same quarter in the prior year, the firm posted $1.76 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts predict that ExxonMobil Corporation will post 11.86 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. ExxonMobil’s dividend payout ratio is presently 69.48%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil advanced a major new exploration push in Guyana’s Stabroek Block, planning up to 35 additional wells from 2028 through 2033, which could add long-term production growth. Article Title
• Positive Sentiment: The company signed a preliminary deal to supply LNG to South Africa’s first planned import terminal, expanding its international gas footprint and supporting its LNG growth strategy. Article Title
• Positive Sentiment: Analysts continue to view ExxonMobil as relatively resilient versus the broader oil market because of its low-cost, diversified production base. Article Title

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.