Mesirow Financial Investment Management Inc. Sells 3,299 Shares of ExxonMobil Corporation $XOM

Mesirow Financial Investment Management Inc. reduced its stake in ExxonMobil Corporation (NYSE:XOMFree Report) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 76,385 shares of the oil and gas company’s stock after selling 3,299 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in ExxonMobil were worth $9,192,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Eagle Capital Management LLC raised its holdings in shares of ExxonMobil by 15.3% during the 1st quarter. Eagle Capital Management LLC now owns 2,836 shares of the oil and gas company’s stock valued at $337,000 after buying an additional 376 shares in the last quarter. Caxton Associates LLP purchased a new stake in ExxonMobil in the first quarter worth approximately $305,000. Sivia Capital Partners LLC grew its position in ExxonMobil by 1.9% during the second quarter. Sivia Capital Partners LLC now owns 11,237 shares of the oil and gas company’s stock valued at $1,211,000 after acquiring an additional 207 shares during the last quarter. United Bank raised its stake in shares of ExxonMobil by 2.8% during the second quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock worth $2,352,000 after acquiring an additional 600 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in shares of ExxonMobil by 17.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock worth $3,957,000 after acquiring an additional 5,443 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors.

Insider Activity

In other ExxonMobil news, VP Darrin L. Talley sold 2,150 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $157.82, for a total value of $339,313.00. Following the completion of the transaction, the vice president directly owned 18,204 shares in the company, valued at approximately $2,872,955.28. This represents a 10.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on XOM. Sanford C. Bernstein cut their price objective on shares of ExxonMobil from $195.00 to $182.00 and set an “outperform” rating for the company in a research note on Monday. BMO Capital Markets reissued a “market perform” rating and issued a $155.00 price target on shares of ExxonMobil in a research note on Wednesday, February 4th. JPMorgan Chase & Co. raised their price objective on ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, April 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of ExxonMobil in a report on Tuesday, May 5th. Finally, Morgan Stanley lowered their target price on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, ExxonMobil currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.95.

Get Our Latest Stock Analysis on XOM

ExxonMobil News Summary

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 Stock Up 0.7%

Shares of NYSE XOM opened at $152.58 on Friday. The firm’s fifty day moving average is $154.89 and its 200 day moving average is $137.31. ExxonMobil Corporation has a 52 week low of $101.18 and a 52 week high of $176.41. 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 company has a market cap 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 posted its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. ExxonMobil’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share. On average, equities research analysts expect that ExxonMobil Corporation will post 11.5 earnings per share for the current year.

ExxonMobil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, May 15th. ExxonMobil’s dividend payout ratio (DPR) is currently 69.48%.

About ExxonMobil

(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.

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Want to see what other hedge funds are holding XOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ExxonMobil Corporation (NYSE:XOMFree Report).

Institutional Ownership by Quarter for ExxonMobil (NYSE:XOM)

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