Triad Wealth Partners LLC Acquires 4,307 Shares of ExxonMobil Corporation $XOM

Triad Wealth Partners LLC lifted its holdings in shares of ExxonMobil Corporation (NYSE:XOMFree Report) by 11.6% in the 1st quarter, Holdings Channel reports. The firm owned 41,544 shares of the oil and gas company’s stock after acquiring an additional 4,307 shares during the period. Triad Wealth Partners LLC’s holdings in ExxonMobil were worth $7,048,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Davis Capital Management raised its stake in ExxonMobil by 776.0% in the first quarter. Davis Capital Management now owns 8,594 shares of the oil and gas company’s stock valued at $1,458,000 after purchasing an additional 7,613 shares in the last quarter. Fortem Financial Group LLC grew its stake in ExxonMobil by 13.8% in the 1st quarter. Fortem Financial Group LLC now owns 1,982 shares of the oil and gas company’s stock worth $336,000 after buying an additional 241 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its stake in ExxonMobil by 130.2% in the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 432,496 shares of the oil and gas company’s stock worth $73,364,000 after buying an additional 244,636 shares in the last quarter. BlueSky Wealth Advisors LLC increased its holdings in shares of ExxonMobil by 12.0% in the 1st quarter. BlueSky Wealth Advisors LLC now owns 5,716 shares of the oil and gas company’s stock worth $970,000 after buying an additional 613 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in shares of ExxonMobil by 4.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 249,331 shares of the oil and gas company’s stock valued at $40,830,000 after buying an additional 9,709 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

ExxonMobil Price Performance

Shares of ExxonMobil stock opened at $138.41 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a 52-week low of $105.53 and a 52-week high of $176.41. The company has a fifty day moving average of $149.64 and a 200-day moving average of $143.57. The stock has a market capitalization of $573.72 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 0.58 and a beta of 0.16.

ExxonMobil (NYSE:XOMGet Free Report) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The company 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 firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. Equities research analysts expect that ExxonMobil Corporation will post 11.86 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 $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. ExxonMobil’s payout ratio is currently 69.48%.

Analyst Ratings Changes

XOM has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Tuesday, June 16th. Scotiabank lifted their price target on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, April 22nd. Piper Sandler cut their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, Sanford C. Bernstein reduced their price objective on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Eleven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.70.

View Our Latest Stock Report on XOM

ExxonMobil Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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