MidFirst Bank purchased a new stake in ExxonMobil Corporation (NYSE:XOM – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 33,178 shares of the oil and gas company’s stock, valued at approximately $3,993,000.
Other large investors have also modified their holdings of the company. DGS Capital Management LLC grew its stake in shares of ExxonMobil by 151.4% during the 4th quarter. DGS Capital Management LLC now owns 4,826 shares of the oil and gas company’s stock valued at $581,000 after buying an additional 2,906 shares during the period. Astoria Portfolio Advisors LLC. grew its position in ExxonMobil by 14.3% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 9,621 shares of the oil and gas company’s stock valued at $1,158,000 after acquiring an additional 1,202 shares during the period. Chelsea Counsel Co. increased its stake in ExxonMobil by 0.3% during the fourth quarter. Chelsea Counsel Co. now owns 66,343 shares of the oil and gas company’s stock worth $7,984,000 after acquiring an additional 200 shares during the last quarter. Coastline Complete Wealth LLC purchased a new position in shares of ExxonMobil in the 4th quarter worth about $278,000. Finally, Barnes Wealth Management Group Inc lifted its stake in shares of ExxonMobil by 46.7% in the 4th quarter. Barnes Wealth Management Group Inc now owns 4,809 shares of the oil and gas company’s stock valued at $579,000 after purchasing an additional 1,530 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.
ExxonMobil Stock Performance
ExxonMobil stock opened at $137.84 on Friday. The stock has a market cap of $571.36 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 0.58 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. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The stock has a 50 day moving average of $149.98 and a 200-day moving average of $143.22.
ExxonMobil Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is currently 69.48%.
ExxonMobil News Roundup
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: ExxonMobil’s production has reached its highest level in more than 40 years, supported by aggressive output growth in Guyana, Texas, and Papua New Guinea. Higher volumes at lower costs should support cash flow and investor confidence. Article: Darren Woods’ Game Plan at Exxon Mobil: Produce More Oil for Less Money
- Positive Sentiment: ExxonMobil is expanding its long-term growth pipeline in Guyana’s Stabroek Block, with plans to drill up to 35 new exploration and appraisal wells from 2028 through 2033. This could extend reserve growth and future production. Article: ExxonMobil Advances New Exploration Push in Guyana’s Stabroek Block
- Neutral Sentiment: ExxonMobil reportedly struck a deal with ZET for South Africa’s first LNG terminal, highlighting continued international LNG expansion efforts. This is strategically constructive, but the near-term stock impact is unclear. Article: ExxonMobil and ZET strike deal for South Africa’s first LNG terminal
- Neutral Sentiment: Commentary suggesting ExxonMobil could pursue another megamerger or LNG acquisition may support long-term strategic speculation, but it is not a confirmed catalyst. Article: ExxonMobil Has Its Sights on Its Next Megamerger. Here’s the Oil Stock It Should Buy.
- Negative Sentiment: ExxonMobil shares fell alongside other oil stocks after the U.S. and Iran reached an interim agreement that could reopen the Strait of Hormuz and lift sanctions on Tehran’s oil. The deal pressures crude prices, which can reduce upstream earnings for XOM. Article: ExxonMobil and Occidental Petroleum Stocks Trade Down, What You Need To Know
- Negative Sentiment: Recent market commentary notes ExxonMobil has been under sustained selling pressure over the past days and weeks, reflecting weaker oil prices and a softer sector backdrop. Article: Exxon Mobil (XOM) Stock Could Be 18.9% Undervalued Despite Recent Pullback
Analysts Set New Price Targets
Several research analysts recently commented on XOM shares. Bank of America upgraded shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. UBS Group increased their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group raised their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Finally, Wells Fargo & Company upped their price target on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.70.
Check Out Our Latest Report on 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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