Focus Partners Advisor Solutions LLC grew its position in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) by 14.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 163,245 shares of the oil and gas company’s stock after buying an additional 20,102 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in ExxonMobil were worth $19,645,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of ExxonMobil during the 4th quarter worth approximately $7,625,063,000. Bank of New York Mellon Corp lifted its position in shares of ExxonMobil by 1.2% during the 4th quarter. Bank of New York Mellon Corp now owns 46,605,353 shares of the oil and gas company’s stock worth $5,608,488,000 after buying an additional 531,362 shares in the last quarter. Northern Trust Corp lifted its position in shares of ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock worth $4,963,934,000 after buying an additional 445,283 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of ExxonMobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock worth $4,366,655,000 after purchasing an additional 2,660,910 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of ExxonMobil by 0.4% during the 3rd quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company’s stock worth $3,790,773,000 after purchasing an additional 127,466 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.
Insiders Place Their Bets
In related 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 transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on ExxonMobil
ExxonMobil Stock Up 1.4%
ExxonMobil stock opened at $151.95 on Tuesday. ExxonMobil Corporation has a 1-year low of $103.83 and a 1-year high of $176.41. The firm has a market capitalization of $629.80 billion, a price-to-earnings ratio of 25.62, a P/E/G ratio of 0.64 and a beta of 0.16. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The firm has a 50 day simple moving average of $153.70 and a 200 day simple moving average of $141.67.
ExxonMobil (NYSE:XOM – Get Free Report) last released its quarterly earnings data 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 business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same period in the previous year, the business earned $1.76 EPS. ExxonMobil’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that ExxonMobil Corporation will post 11.66 earnings per share for the current year.
ExxonMobil Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.
ExxonMobil News Summary
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Oil prices rose on renewed Middle East tensions, lifting major energy names like ExxonMobil as investors priced in tighter supply and higher upstream earnings potential. Why Are BATL, INDO, XOM, CVX, USO, UCO Rising Overnight?
- Positive Sentiment: A proposed Exxon gas project in Mozambique is projected to add about $11 billion annually to the country’s economy, reinforcing the scale and strategic value of Exxon’s global LNG growth pipeline. Proposed Exxon gas project seen providing $11B annual boost to Mozambique’s economy
- Positive Sentiment: Commentary noted Exxon’s long-term appeal from its balance sheet strength, dividend history, and cost advantages, with recent articles framing short-term oil volatility as a buying opportunity. Why Short-Term Oil Volatility Is Giving Long-Term Investors a Once-in-a-Generation Gift to Buy ExxonMobil for Good
- Neutral Sentiment: Analysts questioned whether XOM is attractive at its premium valuation, noting that strong Permian economics and production plans support results, but some investors may prefer to wait for a better entry point. Is XOM Worth Betting on at its Premium Price or Should Investors Wait?
- Neutral Sentiment: Exxon’s move to Texas and recent shareholder votes may improve operational flexibility, but they also renewed debate over governance and shareholder rights, which could keep some investors cautious. Exxon’s Move to Texas and Shareholder Votes Might Change The Case For Investing In Exxon Mobil (XOM)
- Negative Sentiment: A broader energy-market warning highlighted the risk that the world is only one oil-price spike away from trouble, suggesting markets may be underestimating supply disruptions and volatility that could eventually pressure sentiment around ExxonMobil and the sector. Global Economy Is One Oil Price Spike Away From Trouble
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.
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