Simmons Bank Purchases 4,026 Shares of ExxonMobil Corporation $XOM

Simmons Bank lifted its position in ExxonMobil Corporation (NYSE:XOMFree Report) by 3.7% in the 4th quarter, Holdings Channel reports. The fund owned 113,878 shares of the oil and gas company’s stock after acquiring an additional 4,026 shares during the quarter. ExxonMobil accounts for 0.9% of Simmons Bank’s holdings, making the stock its 24th biggest holding. Simmons Bank’s holdings in ExxonMobil were worth $13,704,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Maryland State Retirement & Pension System increased its position in shares of ExxonMobil by 2.6% during the third quarter. Maryland State Retirement & Pension System now owns 215,892 shares of the oil and gas company’s stock valued at $24,342,000 after acquiring an additional 5,573 shares in the last quarter. Capital Investment Advisors LLC raised its holdings in ExxonMobil by 6.6% in the 4th quarter. Capital Investment Advisors LLC now owns 231,488 shares of the oil and gas company’s stock worth $27,857,000 after acquiring an additional 14,233 shares during the last quarter. New Age Alpha Advisors LLC raised its holdings in ExxonMobil by 5.6% in the 3rd quarter. New Age Alpha Advisors LLC now owns 166,547 shares of the oil and gas company’s stock worth $18,778,000 after acquiring an additional 8,853 shares during the last quarter. HORAN Wealth LLC raised its holdings in ExxonMobil by 78.3% in the 3rd quarter. HORAN Wealth LLC now owns 13,180 shares of the oil and gas company’s stock worth $1,486,000 after acquiring an additional 5,788 shares during the last quarter. Finally, Krilogy Financial LLC raised its holdings in ExxonMobil by 46.6% in the 3rd quarter. Krilogy Financial LLC now owns 35,160 shares of the oil and gas company’s stock worth $3,997,000 after acquiring an additional 11,177 shares during the last quarter. Institutional investors own 61.80% of the company’s stock.

Insider Buying and Selling

In other ExxonMobil news, VP Darrin L. Talley sold 1,080 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $155.50, for a total transaction of $167,940.00. Following the completion of the sale, the vice president directly owned 17,124 shares of the company’s stock, valued at approximately $2,662,782. This represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of a number of recent analyst reports. Wolfe Research lowered shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Zacks Research raised shares of ExxonMobil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Bank of America boosted their price objective on shares of ExxonMobil from $135.00 to $151.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of ExxonMobil in a report on Friday, April 10th. Finally, Sanford C. Bernstein decreased their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $163.95.

Get Our Latest Stock Analysis on XOM

ExxonMobil Stock Up 0.7%

XOM opened at $152.58 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $154.89 and a 200-day moving average price of $137.31. ExxonMobil Corporation has a twelve month low of $101.18 and a twelve month high of $176.41. The stock has a market capitalization of $632.42 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 0.66 and a beta of 0.19.

ExxonMobil (NYSE:XOMGet 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 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 during the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the previous year, the company earned $1.76 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that ExxonMobil Corporation will post 11.5 earnings per share for the current year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th will be issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, May 15th. ExxonMobil’s dividend payout ratio is currently 69.48%.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

  • Positive Sentiment: ExxonMobil saw unusually heavy bullish options activity, with investors buying 413,969 call options — nearly triple the usual daily volume — signaling rising trader expectations for more upside.
  • Positive Sentiment: Broader energy-sector news remains supportive, including articles pointing to tighter oil supplies, possible geopolitical disruptions, and a “glitch” in the oil market that could benefit integrated producers like ExxonMobil. Article Title
  • Positive Sentiment: Commentary on the durability of the energy rally has also been constructive, with analysts saying the sector’s discipline could help keep profits and valuations supported.
  • Neutral Sentiment: ExxonMobil announced that senior vice president Neil Chapman will speak at the Bernstein 42nd Annual Strategic Decisions Conference on May 28. The event is routine investor-relations news, but it keeps the company in focus ahead of the upcoming meeting. Article Title
  • Neutral Sentiment: ExxonMobil is also preparing for a shareholder vote on moving its incorporation from New Jersey to Texas. Management says the change would preserve or improve shareholder protections, but proxy advisers and some investors are urging a “no” vote, making this a governance issue to watch. Article Title
  • Negative Sentiment: Proxy advisory firms Glass Lewis and ISS have recommended that investors oppose some board positions and Exxon’s Texas redomicile proposal, raising the risk of a contentious annual meeting and potential governance overhang. Article Title

ExxonMobil Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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