Modern Wealth Management LLC lifted its position in ExxonMobil Corporation (NYSE:XOM – Free Report) by 3.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,121 shares of the oil and gas company’s stock after acquiring an additional 3,564 shares during the quarter. Modern Wealth Management LLC’s holdings in ExxonMobil were worth $19,795,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Berbice Capital Management LLC acquired a new stake in shares of ExxonMobil in the fourth quarter worth $26,000. Midwest Capital Advisors LLC purchased a new position in shares of ExxonMobil during the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. raised its position in ExxonMobil by 456.1% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 187 shares during the period. Key Capital Management INC acquired a new stake in ExxonMobil during the 4th quarter worth about $28,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in ExxonMobil during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on XOM shares. Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 21st. Scotiabank lifted their target price on shares of ExxonMobil from $128.00 to $163.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Bank of America raised shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Tuesday, June 16th. JPMorgan Chase & Co. increased their price objective on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Finally, TD Cowen lowered their target price on ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, ExxonMobil has a consensus rating of “Moderate Buy” and an average target price of $163.25.
ExxonMobil Stock Down 0.0%
Shares of XOM stock opened at $156.88 on Monday. The stock’s 50 day simple moving average is $145.91 and its 200 day simple moving average is $147.60. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market capitalization of $650.28 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 0.64 and a beta of 0.17.
ExxonMobil (NYSE:XOM – Get Free Report) last announced its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion during the quarter, compared to analysts’ expectations of $81.13 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. As a group, research analysts predict that ExxonMobil Corporation will post 11.55 EPS for the current 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 dividend of $1.03 per share. This represents a $4.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.
ExxonMobil News Summary
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Oil prices jumped sharply after renewed geopolitical tension tied to Iran, improving the outlook for ExxonMobil’s upstream earnings and cash flow. The Iran War Isn’t Stopping and What That Means for Chevron and Exxon Mobil
- Positive Sentiment: Recent articles highlight ExxonMobil’s strong 2026 stock performance and technical breakout potential, which can attract momentum-focused investors. ExxonMobil shares approach a possible key breakout as technical indicators align bullishly
- Neutral Sentiment: Analysts expect ExxonMobil to report higher earnings next week, but one preview notes the setup may not be ideal for a clear earnings beat, keeping expectations mixed. Exxon Mobil Holdings (XOM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
- Neutral Sentiment: Several pieces point to continued investor interest in ExxonMobil from dividend and energy-focused funds, but these are more supportive of sentiment than immediate stock-moving catalysts. Madison Dividend Income Fund is Bullish on ExxonMobil Holdings Corporation (XOM)
ExxonMobil Company 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.
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