SVB Wealth LLC Lowers Stock Position in ExxonMobil Corporation $XOM

SVB Wealth LLC reduced its position in shares of ExxonMobil Corporation (NYSE:XOM) by 11.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,407 shares of the oil and gas company’s stock after selling 9,801 shares during the period. ExxonMobil accounts for about 0.9% of SVB Wealth LLC’s holdings, making the stock its 23rd biggest position. SVB Wealth LLC’s holdings in ExxonMobil were worth $13,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in shares of ExxonMobil in the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil during the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in ExxonMobil by 456.1% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares during the last quarter. Key Capital Management INC purchased a new position in ExxonMobil in the fourth quarter worth $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in ExxonMobil in the 4th quarter valued at $32,000. 61.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

XOM has been the subject of several research analyst reports. UBS Group raised their target price on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Citigroup increased their price target on shares of ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.70.

ExxonMobil Price Performance

Shares of NYSE:XOM opened at $136.86 on Thursday. The firm has a market capitalization of $567.27 billion, a PE ratio of 23.08, a P/E/G ratio of 0.59 and a beta of 0.16. 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 company has a 50-day moving average price of $149.08 and a two-hundred day moving average price of $143.87. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 earnings per share. Equities analysts forecast that ExxonMobil Corporation will post 11.86 EPS for the current year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued 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 payout ratio is presently 69.48%.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: The U.S. Supreme Court ruled in ExxonMobil’s favor in a long-running lawsuit over property confiscated by Cuba, reviving Exxon’s ability to seek compensation and potentially strengthening its legal position in the case. Reuters article
• Positive Sentiment: Commentary highlighted ExxonMobil as one of the energy names that may hold up well if the broader market weakens, reinforcing its reputation as a defensive, dividend-paying stock. Yahoo Finance article
• Positive Sentiment: Analyst coverage noted that Exxon’s upstream business could benefit from strong oil prices, with Permian and Guyana assets supporting production growth and earnings. Zacks article
• Neutral Sentiment: ExxonMobil reportedly applied to expand its footprint in Guyana, a strategic move that could support longer-term growth but does not appear to be an immediate catalyst. Yahoo Finance article
• Negative Sentiment: The stock moved lower alongside weaker crude prices, as oil fell to its lowest level since the start of the Iran conflict, which can weigh on upstream earnings expectations for ExxonMobil. Yahoo Finance article
• Negative Sentiment: Investors also reacted to news that President Trump said the Justice Department is probing ExxonMobil and other oil companies over elevated natural gas prices, adding regulatory overhang to the shares. Reuters article

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.