5,605 Shares in ExxonMobil Corporation $XOM Purchased by Old Peak Finance LLC

Old Peak Finance LLC acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM) during the 4th quarter, Holdings Channel reports. The fund acquired 5,605 shares of the oil and gas company’s stock, valued at approximately $675,000. ExxonMobil comprises about 0.4% of Old Peak Finance LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of ExxonMobil in the 4th quarter worth approximately $7,625,063,000. Franklin Resources Inc. lifted its position in ExxonMobil by 7.4% in the third quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after buying an additional 2,660,910 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in ExxonMobil by 218.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock worth $155,696,000 after buying an additional 2,546,791 shares during the period. AQR Capital Management LLC boosted its stake in ExxonMobil by 105.4% during the third quarter. AQR Capital Management LLC now owns 2,925,026 shares of the oil and gas company’s stock worth $329,797,000 after buying an additional 1,501,235 shares during the period. Finally, Bessemer Group Inc. increased its position in ExxonMobil by 119.4% during the third quarter. Bessemer Group Inc. now owns 2,672,359 shares of the oil and gas company’s stock valued at $301,310,000 after acquiring an additional 1,454,308 shares during the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. This represents a 5.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XOM has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Wells Fargo & Company raised their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Barclays boosted their target price on ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Loop Capital set a $123.00 price objective on ExxonMobil in a report on Tuesday, February 3rd. Finally, Scotiabank lifted their target price on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Ten investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $165.55.

ExxonMobil Price Performance

Shares of XOM opened at $148.83 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. The company has a 50 day moving average price of $154.85 and a 200-day moving average price of $140.51. ExxonMobil Corporation has a fifty-two week low of $101.73 and a fifty-two week high of $176.41. The stock has a market capitalization of $616.88 billion, a PE ratio of 25.10, a PEG ratio of 0.63 and a beta of 0.19.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings data 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%. ExxonMobil’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $1.76 earnings per share. Equities analysts predict that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Oil prices jumped as Iran suspended nuclear talks and Middle East tensions escalated, boosting ExxonMobil along with the broader energy sector. Exxon’s Stock Is on Track to Snap a 7-Day Losing Streak. What’s Lifting the Oil Sector.
• Positive Sentiment: Oil market supply concerns intensified after reports of potential disruptions in the Middle East, which could support higher crude prices and improve ExxonMobil’s upstream earnings. Oil prices jump after US and Iran exchange strikes; Exxon exec warns inventories could reach ‘unheard of’ lows
• Positive Sentiment: ExxonMobil shares gained on a crude rally triggered by Iran suspending talks, with Brent and WTI prices both moving sharply higher. ExxonMobil (XOM) Stock Jumps Nearly 3% on Crude Rally Triggered by Iran Diplomatic Freeze
• Neutral Sentiment: Analysts turned more constructive on ExxonMobil, including a higher price target from Mizuho, which may help sentiment but does not change near-term fundamentals. Analysts Get Bullish on Exxon Mobil (XOM)
• Neutral Sentiment: Some articles framed ExxonMobil as a top oil stock amid the conflict, reinforcing the bullish narrative for XOM but offering no new company-specific catalyst. This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War

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.