Hsbc Holdings PLC Has $1.05 Billion Holdings in ExxonMobil Corporation $XOM

Hsbc Holdings PLC grew its position in ExxonMobil Corporation (NYSE:XOM) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,740,543 shares of the oil and gas company’s stock after purchasing an additional 51,151 shares during the period. ExxonMobil accounts for about 0.6% of Hsbc Holdings PLC’s portfolio, making the stock its 23rd largest holding. Hsbc Holdings PLC’s holdings in ExxonMobil were worth $1,051,606,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Berbice Capital Management LLC bought a new position in ExxonMobil during the 4th quarter worth $26,000. Midwest Capital Advisors LLC acquired a new position in shares of ExxonMobil in the fourth quarter valued at about $27,000. E Fund Management Hong Kong Co. Ltd. increased its position in ExxonMobil by 456.1% during 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 acquiring an additional 187 shares during the period. Key Capital Management INC bought a new position in ExxonMobil during the fourth quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in ExxonMobil in the 4th quarter worth about $32,000. 61.80% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil’s production has reached its highest level in more than 40 years, supported by aggressive output growth in Guyana, Texas, and Papua New Guinea. Higher volumes at lower costs should support cash flow and investor confidence. Article: Darren Woods’ Game Plan at Exxon Mobil: Produce More Oil for Less Money
• Positive Sentiment: ExxonMobil is expanding its long-term growth pipeline in Guyana’s Stabroek Block, with plans to drill up to 35 new exploration and appraisal wells from 2028 through 2033. This could extend reserve growth and future production. Article: ExxonMobil Advances New Exploration Push in Guyana’s Stabroek Block
• Neutral Sentiment: ExxonMobil reportedly struck a deal with ZET for South Africa’s first LNG terminal, highlighting continued international LNG expansion efforts. This is strategically constructive, but the near-term stock impact is unclear. Article: ExxonMobil and ZET strike deal for South Africa’s first LNG terminal
• Neutral Sentiment: Commentary suggesting ExxonMobil could pursue another megamerger or LNG acquisition may support long-term strategic speculation, but it is not a confirmed catalyst. Article: ExxonMobil Has Its Sights on Its Next Megamerger. Here’s the Oil Stock It Should Buy.
• Negative Sentiment: ExxonMobil shares fell alongside other oil stocks after the U.S. and Iran reached an interim agreement that could reopen the Strait of Hormuz and lift sanctions on Tehran’s oil. The deal pressures crude prices, which can reduce upstream earnings for XOM. Article: ExxonMobil and Occidental Petroleum Stocks Trade Down, What You Need To Know
• Negative Sentiment: Recent market commentary notes ExxonMobil has been under sustained selling pressure over the past days and weeks, reflecting weaker oil prices and a softer sector backdrop. Article: Exxon Mobil (XOM) Stock Could Be 18.9% Undervalued Despite Recent Pullback

ExxonMobil Trading Up 0.0%

Shares of ExxonMobil stock opened at $137.84 on Friday. 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 $105.53 and a 12-month high of $176.41. The company has a market capitalization of $571.36 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 0.58 and a beta of 0.16. The firm’s 50-day moving average price is $149.98 and its two-hundred day moving average price is $143.22.

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

ExxonMobil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XOM. HSBC increased their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the stock a “hold” rating in a research report on Friday, March 20th. TD Cowen reiterated a “buy” rating on shares of ExxonMobil in a research report on Monday, June 15th. Wells Fargo & Company boosted their price target on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Sanford C. Bernstein reduced their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Finally, UBS Group raised their price objective on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Eleven equities 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, ExxonMobil currently has an average rating of “Moderate Buy” and an average price target of $165.70.

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.