Churchill Financial Advisors LLC Purchases New Stake in ExxonMobil Corporation $XOM

Churchill Financial Advisors LLC purchased a new stake in shares of ExxonMobil Corporation (NYSE:XOM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 30,326 shares of the oil and gas company’s stock, valued at approximately $3,649,000. ExxonMobil comprises approximately 1.1% of Churchill Financial Advisors LLC’s portfolio, making the stock its 25th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Peoples Bank OH raised its position in shares of ExxonMobil by 0.5% during 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 acquiring an additional 71 shares in the last quarter. Paulson Wealth Management Inc. raised its position in shares of ExxonMobil by 1.0% during 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 acquiring an additional 72 shares in the last quarter. Peirce Capital Management LLC raised its position in shares of ExxonMobil by 1.7% during the 4th quarter. Peirce Capital Management LLC now owns 4,292 shares of the oil and gas company’s stock valued at $516,000 after acquiring an additional 72 shares in the last quarter. MOKAN Wealth Management Inc. raised its position in shares of ExxonMobil by 1.3% during the 4th quarter. MOKAN Wealth Management Inc. now owns 5,903 shares of the oil and gas company’s stock valued at $711,000 after acquiring an additional 77 shares in the last quarter. Finally, Field & Main Bank raised its position in shares of ExxonMobil by 0.3% during the 4th quarter. Field & Main Bank now owns 23,393 shares of the oil and gas company’s stock valued at $2,815,000 after acquiring an additional 78 shares in the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Darrin L. Talley sold 2,150 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president owned 18,204 shares of the company’s stock, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

XOM has been the topic of several research reports. Morgan Stanley dropped their price target on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Bank of America increased their target price on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Weiss Ratings lowered ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Wolfe Research lowered ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Finally, Jefferies Financial Group increased their target price on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, ExxonMobil currently has a consensus rating of “Moderate Buy” and an average price target of $163.95.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy signed a preliminary deal with Egypt to study development of Cyprus gas discoveries, opening a possible path to export gas through Egypt’s LNG infrastructure to Europe. Reuters: QatarEnergy, ExxonMobil sign deal with Egypt to study Cyprus gas development
• Positive Sentiment: Reports that ExxonMobil may be in talks to regain rights to produce oil in Venezuela suggest a potential long-term growth opportunity if the company can re-enter a major resource base. Reuters: Exxon may acquire rights to produce oil in Venezuela
• Positive Sentiment: Rising crude prices are also supportive, with WTI above $95 per barrel boosting Permian oil and associated gas activity, which could improve ExxonMobil’s upstream revenue and cash flow. Zacks: More Gas Per Barrel of Oil: A Growth Lever for Permian Operators
• Neutral Sentiment: Additional coverage highlighted ExxonMobil’s low-debt balance sheet and ongoing ability to fund dividends and projects, reinforcing the company’s financial resilience. Zacks: ExxonMobil’s Resilience: What Sets it Apart in Uncertain Times
• Neutral Sentiment: Technical commentary said XOM is pulling back after a breakout and testing support levels, which traders may be watching for confirmation of the broader uptrend. FXEmpire: ExxonMobil (XOM) Price Forecast
• Negative Sentiment: Governance-related headlines, including Exxon’s clash with proxy advisers ISS and Glass Lewis, may keep some pressure on the stock by adding uncertainty around the Texas move and shareholder voting dynamics. WSJ: Exxon Blasts Proxy Advisers for Conflict of Interest in Fight Over Texas Move

ExxonMobil Price Performance

Shares of NYSE XOM opened at $154.82 on Monday. ExxonMobil Corporation has a 1-year low of $101.18 and a 1-year 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. The business’s fifty day moving average price is $155.79 and its two-hundred day moving average price is $139.12. The firm has a market capitalization of $641.71 billion, a PE ratio of 26.11, a P/E/G ratio of 0.68 and a beta of 0.19.

ExxonMobil (NYSE:XOM) last issued 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 return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same period last year, the company earned $1.76 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts expect that ExxonMobil Corporation will post 11.49 EPS for the current year.

ExxonMobil Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $1.03 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.12 annualized dividend and a dividend yield of 2.7%. ExxonMobil’s dividend payout ratio is presently 69.48%.

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.