ExxonMobil Corporation $XOM Shares Sold by Diversified Investment Strategies LLC

Diversified Investment Strategies LLC reduced its holdings in shares of ExxonMobil Corporation (NYSE:XOM) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,154 shares of the oil and gas company’s stock after selling 15,164 shares during the period. ExxonMobil comprises 21.7% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its largest holding. Diversified Investment Strategies LLC’s holdings in ExxonMobil were worth $33,958,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Carmel Capital Partners LLC boosted its position in ExxonMobil by 55.1% in the 1st quarter. Carmel Capital Partners LLC now owns 4,926 shares of the oil and gas company’s stock valued at $836,000 after buying an additional 1,750 shares during the period. DMC Group LLC increased its position in shares of ExxonMobil by 4.9% during the first quarter. DMC Group LLC now owns 9,199 shares of the oil and gas company’s stock worth $1,561,000 after acquiring an additional 426 shares during the period. Stiles Financial Services Inc increased its position in shares of ExxonMobil by 2.2% during the first quarter. Stiles Financial Services Inc now owns 19,501 shares of the oil and gas company’s stock worth $3,309,000 after acquiring an additional 414 shares during the period. Whipplewood Advisors LLC raised its stake in shares of ExxonMobil by 15.8% in the first quarter. Whipplewood Advisors LLC now owns 2,071 shares of the oil and gas company’s stock valued at $351,000 after acquiring an additional 282 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its stake in shares of ExxonMobil by 13.3% in the first quarter. Waterfront Wealth Inc. now owns 10,366 shares of the oil and gas company’s stock valued at $1,759,000 after acquiring an additional 1,215 shares in the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

ExxonMobil Price Performance

Shares of NYSE XOM opened at $145.04 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The firm has a market capitalization of $601.18 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 0.59 and a beta of 0.17. The stock’s 50-day simple moving average is $145.82 and its 200-day simple moving average is $145.93.

ExxonMobil (NYSE:XOM) last posted 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 firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 earnings per share. As a group, equities research analysts forecast that ExxonMobil Corporation will post 11.48 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: WTI crude rising above $80 is a favorable setup for ExxonMobil’s upstream business, lifting expectations for stronger margins and cash flow from its oil production operations. Oil Crosses $80 Again: Can ExxonMobil’s Upstream Business Thrive?
• Positive Sentiment: Rising U.S.-Iran tensions have supported energy prices broadly, which tends to benefit ExxonMobil as an integrated oil major with significant crude production exposure. Why ExxonMobil (XOM) Stock Is Up Today
• Positive Sentiment: ExxonMobil is being highlighted as one of the stocks most likely to benefit if gasoline prices remain elevated, reinforcing the market’s view that the company can capitalize on stronger energy pricing. 5 Stocks Poised to Benefit the Most When US Gas Prices Soar
• Neutral Sentiment: The stock is drawing extra attention from traders and Zacks users, but this appears to reflect increased interest rather than a new company-specific catalyst. Here is What to Know Beyond Why ExxonMobil Holdings Corporation (XOM) is a Trending Stock
• Neutral Sentiment: Broader energy-sector articles note that crude’s rebound is lifting oil stocks generally, which is supportive for XOM but not unique to the company. Shell, BP, and other energy stocks jump as crude oil prices rebound
• Negative Sentiment: There were also market-wide headlines about U.S. strikes and escalating conflict, which can keep volatility elevated and create uncertainty around energy markets even as they support oil prices. Stocks Settle Lower as Chipmakers Routed and US-Iran Tensions Escalate

Analyst Ratings Changes

Several research analysts recently commented on XOM shares. Wells Fargo & Company boosted their target price on ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a research report on Tuesday, May 5th. Wolfe Research cut ExxonMobil from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, April 21st. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. Finally, DZ Bank upgraded shares of ExxonMobil to a “strong-buy” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.45.

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.