Everest Financial Group LLC Raises Position in ExxonMobil Corporation $XOM

Everest Financial Group LLC boosted its holdings in ExxonMobil Corporation (NYSE:XOM) by 80.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 21,867 shares of the oil and gas company’s stock after purchasing an additional 9,753 shares during the period. Everest Financial Group LLC’s holdings in ExxonMobil were worth $3,705,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Eagle Capital Management LLC boosted its holdings in ExxonMobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after acquiring an additional 376 shares during the period. Caxton Associates LLP purchased a new position in ExxonMobil in the 1st quarter worth approximately $305,000. Sivia Capital Partners LLC increased its stake in ExxonMobil by 1.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock worth $1,211,000 after purchasing an additional 207 shares during the period. United Bank lifted its position in ExxonMobil by 2.8% in the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after purchasing an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its stake in shares of ExxonMobil by 17.4% during the second quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after purchasing an additional 5,443 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Stock Performance

NYSE:XOM opened at $154.50 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $145.80 and its 200 day simple moving average is $147.84. The stock has a market cap of $640.42 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 0.64 and a beta of 0.17. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $81.13 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. ExxonMobil’s revenue was up 2.4% on a year-over-year basis. As a group, research analysts predict that ExxonMobil Corporation will post 11.55 EPS for the current year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio is currently 69.48%.

Analyst Ratings Changes

Several research analysts recently commented on XOM shares. Piper Sandler assumed coverage on shares of ExxonMobil in a research note on Thursday. They issued a “neutral” rating and a $158.00 target price on the stock. Wells Fargo & Company increased their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Barclays increased their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. UBS Group boosted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group upped their price objective on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.25.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s valuation may offer support. One analysis argues that the stock remains discounted based on discounted-cash-flow estimates and market multiples, despite its strong five-year performance and elevated oil prices. ExxonMobil Stock Could Be Cheap on Value Despite a 228% Run
• Positive Sentiment: The company is reportedly shifting new oil investment toward Nigeria and other African markets, potentially expanding its upstream growth opportunities and geographic diversification. Execution, political and operational risks remain considerations. ExxonMobil Is Moving New Oil Spending to Nigeria and Africa
• Neutral Sentiment: ExxonMobil is attracting unusually high investor search interest, which may increase near-term attention but does not itself change the company’s earnings outlook. Investors Heavily Search ExxonMobil
• Neutral Sentiment: ExxonMobil is among the major companies reporting during a particularly busy earnings week. Investors will look for updates on production, refining margins, capital spending and management’s outlook. Earnings Week Ahead
• Neutral Sentiment: Broader equities were mixed as markets awaited the Federal Reserve’s decision and additional earnings reports, leaving macroeconomic uncertainty as an important short-term influence on XOM. Equities Mixed Intraday as Markets Await Fed Decision
• Negative Sentiment: Oil prices fell as easing Middle East tensions reduced the geopolitical risk premium. Lower crude prices can pressure ExxonMobil’s upstream revenue, cash flow and profit expectations, helping explain why the stock weakened even as the broader market gained. Exxon Mobil Shares Fall as Oil Prices Tumble

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.