Sierra Summit Advisors LLC Invests $973,000 in ExxonMobil Corporation $XOM

Sierra Summit Advisors LLC bought a new stake in ExxonMobil Corporation (NYSE:XOM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,736 shares of the oil and gas company’s stock, valued at approximately $973,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XOM. Private Advisor Group LLC boosted its position in ExxonMobil by 13.0% during the 1st quarter. Private Advisor Group LLC now owns 669,612 shares of the oil and gas company’s stock worth $113,606,000 after purchasing an additional 77,011 shares during the period. Optas LLC boosted its position in shares of ExxonMobil by 13.0% in the first quarter. Optas LLC now owns 9,813 shares of the oil and gas company’s stock worth $1,665,000 after buying an additional 1,129 shares during the period. VAUGHAN & Co SECURITIES INC. purchased a new stake in shares of ExxonMobil in the first quarter worth about $226,000. Leonteq Securities AG grew its stake in shares of ExxonMobil by 73.3% in the first quarter. Leonteq Securities AG now owns 10,135 shares of the oil and gas company’s stock valued at $1,720,000 after buying an additional 4,286 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC raised its holdings in shares of ExxonMobil by 44.7% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 387,890 shares of the oil and gas company’s stock valued at $65,809,000 after buying an additional 119,840 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XOM. Jefferies Financial Group upped their price target on ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a report on Thursday, April 9th. BNP Paribas Exane set a $165.00 target price on shares of ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Bank of America upgraded shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Tuesday, June 16th. Sanford C. Bernstein dropped their price target on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Finally, Mizuho boosted their price objective on shares of ExxonMobil from $159.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Eleven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, ExxonMobil presently has an average rating of “Moderate Buy” and a consensus price target of $164.70.

ExxonMobil News Roundup

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

ExxonMobil Trading Up 3.8%

XOM opened at $141.66 on Wednesday. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The stock has a market capitalization of $587.17 billion, a PE ratio of 23.89, a P/E/G ratio of 0.57 and a beta of 0.17. The firm’s fifty day moving average price is $146.94 and its 200 day moving average price is $145.11.

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

ExxonMobil Announces Dividend

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

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.