IFS Group LLC acquired a new position in shares of ExxonMobil Corporation (NYSE:XOM – Free Report) during the 1st quarter, Holdings Channel reports. The firm acquired 7,998 shares of the oil and gas company’s stock, valued at approximately $1,357,000. ExxonMobil accounts for about 1.2% of IFS Group LLC’s investment portfolio, making the stock its 24th biggest position.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Berbice Capital Management LLC bought a new position in ExxonMobil during the 4th quarter valued at $26,000. Midwest Capital Advisors LLC bought a new stake in shares of ExxonMobil in the 4th quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of ExxonMobil by 456.1% in the 4th 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 purchasing an additional 187 shares in the last quarter. Key Capital Management INC acquired a new stake in shares of ExxonMobil in the 4th quarter valued at about $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in shares of ExxonMobil during the fourth quarter worth about $32,000. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on XOM shares. Weiss Ratings downgraded ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Wells Fargo & Company upped their price objective on ExxonMobil from $183.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Wolfe Research downgraded ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Finally, Sanford C. Bernstein lowered their price target on ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.45.
ExxonMobil Trading Up 2.5%
NYSE XOM opened at $156.80 on Thursday. 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 one year low of $105.53 and a one year high of $176.41. The company has a 50-day simple moving average of $145.61 and a 200-day simple moving average of $148.32. The firm has a market capitalization of $649.93 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 0.62 and a beta of 0.17.
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, topping the consensus estimate of $0.98 by $0.18. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The firm had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. ExxonMobil’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts forecast that ExxonMobil Corporation will post 11.55 earnings per share for the current year.
More ExxonMobil News
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: Higher oil prices could support ExxonMobil’s cash flow and profit expectations, particularly ahead of its second-quarter earnings report scheduled for July 31. Analysts and market commentators are looking for stronger results, while the company’s long record of dividend increases and planned $20 billion annual share repurchases remain important shareholder-return advantages. Exxon Mobil Stock Trades Higher Wednesday: What’s Driving the Move?
- Positive Sentiment: ExxonMobil agreed to a carbon-capture and storage project with Williams supporting natural-gas processing in Louisiana. The initiative could strengthen Exxon’s lower-carbon services and strategic relationship with a major midstream operator, although the financial impact is likely longer term. ExxonMobil agrees to new CCS project with Williams
- Neutral Sentiment: ExxonMobil is being highlighted as a favored energy holding in President Donald Trump’s disclosures and as a value stock by Zacks. These references may support investor interest, but they do not change the company’s near-term earnings or valuation.
- Negative Sentiment: Bank of America downgraded XOM from “buy” to “neutral,” citing limited remaining upside despite raising its price target to $158. The downgrade adds pressure after the stock’s strong year-to-date performance and premium valuation. Exxon Mobil Offers Limited Upside Potential
- Negative Sentiment: A hawkish shift from several Federal Reserve officials weighed on the broader market. Higher-for-longer interest rates could limit appetite for richly valued equities, even as energy companies benefit from stronger commodity prices. Stock Market Today, July 29
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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