IFM Investors Pty Ltd Raises Position in ExxonMobil Corporation $XOM

IFM Investors Pty Ltd increased its stake in ExxonMobil Corporation (NYSE:XOM) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 832,489 shares of the oil and gas company’s stock after purchasing an additional 33,726 shares during the quarter. ExxonMobil makes up approximately 1.2% of IFM Investors Pty Ltd’s investment portfolio, making the stock its 12th biggest position. IFM Investors Pty Ltd’s holdings in ExxonMobil were worth $141,240,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Portus Wealth Advisors LLC purchased a new stake in ExxonMobil in the 1st quarter worth approximately $36,000. Berbice Capital Management LLC purchased a new position in ExxonMobil during the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC purchased a new position in ExxonMobil during the fourth quarter valued at approximately $27,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of 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 period. Finally, Key Capital Management INC purchased a new stake in shares of ExxonMobil in the fourth quarter worth $28,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

XOM stock opened at $137.03 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company’s fifty day moving average price is $147.37 and its 200-day moving average price is $144.79. ExxonMobil Corporation has a one year low of $105.53 and a one year high of $176.41. The company has a market capitalization of $567.99 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion during 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%. ExxonMobil’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $1.76 earnings per share. On average, equities analysts anticipate that ExxonMobil Corporation will post 11.9 EPS for the current fiscal year.

ExxonMobil Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on XOM shares. Bank of America upgraded shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Tuesday, June 16th. Zacks Research lowered ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. UBS Group raised their price target on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Piper Sandler lowered their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.70.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy reached a key milestone in their Cyprus offshore gas project, with a Declaration of Marketability helping advance the Glaucus and Pegasus fields toward development. That supports Exxon’s long-term growth pipeline. XOM, QatarEnergy Reach Milestone in Cyprus Offshore Gas Development
• Positive Sentiment: TD Cowen kept a buy rating on ExxonMobil while lowering its price target to $155 from $172, which still implies upside from current levels and suggests Wall Street remains constructive on the stock.
• Positive Sentiment: A Seeking Alpha piece upgraded ExxonMobil, arguing the valuation is attractive and that the company has overlooked market opportunities. That reinforces the view that XOM may have room to rerate. ExxonMobil: I’m Re-Entering As Valuation Is Attractive With Overlooked Market Opportunities (Rating Upgrade)
• Neutral Sentiment: Exxon completed its legal redomicile from New Jersey to Texas and also won a Supreme Court ruling that revives an old lawsuit, removing some uncertainty but not directly changing the operating outlook. Exxon (XOM) flashes key signals on New Jersey exit
• Neutral Sentiment: Analyst and media coverage noted that Exxon can still grow production even with oil below $70, and a bullish market note said the company could outperform if cash flow remains strong. These are supportive but largely restate Exxon’s resilience. Can ExxonMobil’s Upstream Business Thrive With Oil Below $70?
• Negative Sentiment: President Trump is pressuring Big Oil to lower gasoline prices ahead of the midterm elections, which could increase political scrutiny on ExxonMobil and the broader sector if margin pressure follows. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

ExxonMobil Company 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.