BIP Wealth LLC Sells 6,554 Shares of ExxonMobil Corporation $XOM

BIP Wealth LLC lessened its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 17.1% in the first quarter, HoldingsChannel.com reports. The firm owned 31,830 shares of the oil and gas company’s stock after selling 6,554 shares during the quarter. BIP Wealth LLC’s holdings in ExxonMobil were worth $5,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Impact Partnership Wealth LLC boosted its position in ExxonMobil by 0.6% during the 1st quarter. Impact Partnership Wealth LLC now owns 12,017 shares of the oil and gas company’s stock valued at $2,039,000 after buying an additional 67 shares during the period. Cardinal Strategic Wealth Guidance increased its position in shares of ExxonMobil by 1.9% in the first quarter. Cardinal Strategic Wealth Guidance now owns 3,720 shares of the oil and gas company’s stock valued at $631,000 after acquiring an additional 68 shares during the period. ICW Investment Advisors LLC increased its position in shares of ExxonMobil by 0.3% in the fourth quarter. ICW Investment Advisors LLC now owns 25,286 shares of the oil and gas company’s stock valued at $3,043,000 after acquiring an additional 69 shares during the period. Swisher Financial Concepts Inc. raised its stake in shares of ExxonMobil by 0.3% during the first quarter. Swisher Financial Concepts Inc. now owns 27,402 shares of the oil and gas company’s stock valued at $4,649,000 after acquiring an additional 69 shares during the last quarter. Finally, Fortis Capital Management LLC raised its stake in shares of ExxonMobil by 2.0% during the fourth quarter. Fortis Capital Management LLC now owns 3,603 shares of the oil and gas company’s stock valued at $434,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Trading Up 3.8%

XOM opened at $141.66 on Wednesday. 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 52 week low of $105.53 and a 52 week high of $176.41. The stock has a market cap of $587.17 billion, a PE ratio of 23.89, a PEG ratio of 0.57 and a beta of 0.17. The business has a 50 day moving average of $146.94 and a 200-day moving average of $145.11.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The business had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 earnings per share. Equities research analysts predict that ExxonMobil Corporation will post 11.9 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. ExxonMobil’s dividend payout ratio is currently 69.48%.

More ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil signaled that higher oil prices should lift second-quarter upstream earnings by $3.5 billion to $3.9 billion, a direct boost to profitability. Exxon Mobil signals higher second-quarter earnings
• Positive Sentiment: Investors remain focused on ExxonMobil’s completed Texas redomiciliation, while broader oil market strength and tight supply conditions continue to support the stock. ExxonMobil Gains as Oil Firms and Investors Digest Texas Redomiciliation
• Positive Sentiment: Articles highlighting LNG growth and ExxonMobil’s long-term value case may be helping reinforce investor confidence in the company’s integrated energy model and dividend appeal. Global LNG Demand Could Surge 65% by 2050
• Neutral Sentiment: Recent commentary from analysts and market outlets is generally constructive, with ExxonMobil still viewed as a high-quality long-term value name, though some note that softer oil prices could limit upside. After an Almost 20 One-Year Run, is ExxonMobil Still Worth Buying?
• Neutral Sentiment: Institutional and options-related trading interest suggests ExxonMobil remains widely followed, but these flows do not appear to be the main driver of the move today. ExxonMobil Trade Can Pump Out A Premium Or Discounted Shares For The Oil Heavyweight
• Negative Sentiment: Broader oil-market coverage warns that crude prices are still below the $100 threshold and could drift lower if recession concerns deepen, which would pressure energy stocks including ExxonMobil. Oil’s $100 Threshold: What It Means for Energy Stocks Now

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank Of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of ExxonMobil in a research note on Tuesday, May 5th. JPMorgan Chase & Co. upped their price target on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Piper Sandler dropped their price objective on ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Citigroup lifted their price objective on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Finally, Scotiabank boosted their target price on ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Eleven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.70.

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.