ExxonMobil Corporation $XOM Stake Lowered by State of Wyoming

State of Wyoming reduced its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 51.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,547 shares of the oil and gas company’s stock after selling 8,149 shares during the period. State of Wyoming’s holdings in ExxonMobil were worth $908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Berbice Capital Management LLC purchased a new position in shares of ExxonMobil during the 4th quarter valued at $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil in the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings 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 in the last quarter. Key Capital Management INC bought a new stake in ExxonMobil in the fourth quarter worth $28,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in ExxonMobil in the fourth quarter worth $32,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XOM has been the subject of a number of recent research reports. Sanford C. Bernstein decreased their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, May 11th. HSBC lifted their price objective on ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research note on Friday, March 20th. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a research note on Friday, April 17th. Bank of America lifted their price objective on ExxonMobil from $135.00 to $151.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley decreased their target price on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Ten research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $165.55.

Insiders Place Their Bets

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $155.50, for a total value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares in the company, valued at approximately $2,662,782. This trade represents a 5.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.

ExxonMobil Stock Up 2.2%

Shares of XOM opened at $152.92 on Thursday. The stock has a market cap of $633.83 billion, a price-to-earnings ratio of 25.79, a P/E/G ratio of 0.64 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. ExxonMobil Corporation has a 12 month low of $101.73 and a 12 month high of $176.41. The company has a 50-day moving average price of $154.49 and a two-hundred day moving average price of $140.97.

ExxonMobil (NYSE:XOM) last announced its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The firm 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%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 earnings per share. Equities analysts predict that ExxonMobil Corporation will post 11.66 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

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

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s Permian operations are highlighted as a major profit driver, with low breakeven costs in the Midland and Delaware basins and rising production that could boost margins if oil prices stay elevated. Article: ExxonMobil’s Permian Advantage: Low Breakeven, Rising Production
• Positive Sentiment: A senior Exxon executive warned that Brent could surge to $150-$160 per barrel in coming weeks as global inventories approach historic lows, reinforcing the bullish case for ExxonMobil’s upstream earnings. Article: Exxon SVP Warns Oil Could Spike to $150-160 Per Barrel in ‘Coming Weeks’
• Positive Sentiment: The U.S. Strategic Petroleum Reserve continues to fall toward its lowest level since the early 1980s, which may support higher oil prices and improve the outlook for ExxonMobil’s production and refining economics. Article: US Strategic Petroleum Reserve on pace to hit lowest level since the early 1980s later this month
• Positive Sentiment: Reports that ExxonMobil is weighing a return to Venezuela suggest potential access to more reserves and long-term production opportunities, which could add upside if negotiations progress. Article: Exxon Mobil Weighs Venezuela Return And Valuation Upside For Investors
• Positive Sentiment: Investor optimism also stems from ExxonMobil’s Texas domicile move and continuing growth plans in the Permian Basin, both of which reinforce a long-term expansion narrative for the company. Article: Exxon Mobil Texas Move And What It Means For XOM Valuation
• Neutral Sentiment: Broader energy-sector commentary continues to place ExxonMobil on watchlists, but these articles are mostly screening/overview pieces rather than new company-specific developments. Article: Oil Stocks To Add to Your Watchlist – May 30th
• Neutral Sentiment: Market chatter around Iran and geopolitical tensions is helping oil prices, which can lift XOM, but the impact is indirect and depends on how long the supply risk persists. Article: Exxon (XOM) roars back as one Iran headline reignites oil

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.