Ibex Wealth Advisors Makes New Investment in ExxonMobil Corporation $XOM

Ibex Wealth Advisors purchased a new stake in ExxonMobil Corporation (NYSE:XOM) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 88,566 shares of the oil and gas company’s stock, valued at approximately $15,026,000. ExxonMobil makes up 1.4% of Ibex Wealth Advisors’ portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also modified their holdings of XOM. North Capital Inc. purchased a new stake in shares of ExxonMobil during the first quarter worth $249,000. Kestra Advisory Services LLC boosted its holdings in ExxonMobil by 20.1% in the first quarter. Kestra Advisory Services LLC now owns 781,910 shares of the oil and gas company’s stock valued at $132,659,000 after purchasing an additional 130,978 shares during the period. Fidelity D & D Bancorp Inc. grew its stake in ExxonMobil by 1.2% during the 1st quarter. Fidelity D & D Bancorp Inc. now owns 13,550 shares of the oil and gas company’s stock worth $2,299,000 after purchasing an additional 156 shares in the last quarter. Resona Asset Management Co. Ltd. grew its stake in ExxonMobil by 0.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 1,388,031 shares of the oil and gas company’s stock worth $235,954,000 after purchasing an additional 9,381 shares in the last quarter. Finally, Demars Financial Group LLC increased its holdings in ExxonMobil by 11.6% during the 1st quarter. Demars Financial Group LLC now owns 4,730 shares of the oil and gas company’s stock worth $803,000 after purchasing an additional 491 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of analyst reports. DZ Bank raised ExxonMobil to a “strong-buy” rating in a research report on Monday, July 6th. Weiss Ratings downgraded ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Sanford C. Bernstein reduced their target price on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Wells Fargo & Company lifted their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Finally, Piper Sandler lowered their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, ExxonMobil currently has an average rating of “Moderate Buy” and a consensus target price of $164.45.

ExxonMobil Stock Up 3.9%

Shares of NYSE XOM opened at $144.34 on Tuesday. The company has a market capitalization of $598.29 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 0.56 and a beta of 0.17. 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 business has a 50-day moving average of $146.01 and a two-hundred day moving average of $145.75. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41.

ExxonMobil (NYSE:XOM) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the prior year, the firm posted $1.76 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts forecast that ExxonMobil Corporation will post 11.69 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

Trending Headlines about ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Escalating U.S.-Iran conflict and new measures affecting the Strait of Hormuz are lifting oil prices and improving the outlook for ExxonMobil’s upstream and refining businesses. Why ExxonMobil (XOM) Stock Is Up Today
• Positive Sentiment: Broader energy market strength is supporting XOM, with reports that oil is nearing $80 a barrel as investors price in higher supply risk from the Middle East conflict. BATL, TPET, WTI, XOM, USO Stocks Climb Amid Escalating US-Iran Conflict: Oil Nears $80 A Barrel
• Positive Sentiment: One market note says energy profits may remain attractive in the near term, keeping investor interest focused on oil names like ExxonMobil. Why ExxonMobil (XOM) stock is up today
• Neutral Sentiment: A separate market wrap showed U.S. stocks closing lower overall, reflecting risk-off sentiment tied partly to the same Iran-related tensions, though this was a broad market move rather than Exxon-specific news. Stocks Settle Lower as Chipmakers Routed and US-Iran Tensions Escalate

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.