Vantus Wealth LLC Takes $865,000 Position in ExxonMobil Corporation $XOM

Vantus Wealth LLC acquired a new stake in ExxonMobil Corporation (NYSE:XOM) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 7,184 shares of the oil and gas company’s stock, valued at approximately $865,000.

Several other hedge funds also recently modified their holdings of XOM. Norges Bank acquired a new stake in ExxonMobil in the 4th quarter valued at about $7,625,063,000. Northern Trust Corp lifted its stake in ExxonMobil by 1.0% in the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after purchasing an additional 445,283 shares during the last quarter. Franklin Resources Inc. lifted its stake in ExxonMobil by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. Capital Research Global Investors lifted its stake in ExxonMobil by 0.4% in the 3rd quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company’s stock valued at $3,790,773,000 after purchasing an additional 127,466 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in ExxonMobil by 1.0% in the 4th quarter. Fisher Asset Management LLC now owns 31,497,852 shares of the oil and gas company’s stock valued at $3,790,452,000 after purchasing an additional 303,359 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil has reportedly been in talks to regain oil production rights in Venezuela, which could expand its reserve base and long-term production potential. Exxon Mobil Weighs Venezuela Return And Valuation Upside For Investors
• Positive Sentiment: Analysts turned more bullish on ExxonMobil, including a higher price target from Mizuho, reinforcing expectations that the company can benefit from strong energy markets. Analysts Get Bullish on Exxon Mobil (XOM)
• Neutral Sentiment: Commentary about ExxonMobil being a top oil stock amid the U.S.-Iran conflict supports the broader bullish case, but it is mostly opinion-driven rather than new company-specific news. This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War

Analyst Ratings Changes

Several brokerages recently issued reports on XOM. Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. UBS Group raised their target price on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Mizuho raised their target price on shares of ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Loop Capital set a $123.00 target price on shares of ExxonMobil in a research note on Tuesday, February 3rd. Finally, BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Ten investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $165.55.

ExxonMobil Stock Up 2.5%

NYSE XOM opened at $148.83 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. ExxonMobil Corporation has a 1-year low of $101.73 and a 1-year high of $176.41. The company has a 50 day moving average of $154.85 and a 200-day moving average of $140.51. The company has a market cap of $616.88 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 0.63 and a beta of 0.19.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $81.13 billion. During the same period in the previous year, the business earned $1.76 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts expect that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

Insider Buying and Selling at ExxonMobil

In other news, VP Darrin L. Talley sold 1,080 shares of ExxonMobil stock in a transaction that occurred on 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 directly owned 17,124 shares in the company, valued at approximately $2,662,782. The trade was a 5.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

About ExxonMobil

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.