Miller Howard Investments Inc. NY lowered its position in ExxonMobil Corporation (NYSE:XOM – Free Report) by 52.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,935 shares of the oil and gas company’s stock after selling 12,286 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in ExxonMobil were worth $1,855,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in shares of ExxonMobil during the 4th quarter worth $26,000. Midwest Capital Advisors LLC purchased a new position in ExxonMobil in the fourth quarter valued at $27,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in ExxonMobil by 456.1% in 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 last quarter. Key Capital Management INC acquired a new stake in ExxonMobil in the fourth quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in ExxonMobil in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 61.80% of the company’s stock.
ExxonMobil Stock Down 0.8%
ExxonMobil stock opened at $136.41 on Friday. The company has a market capitalization of $565.43 billion, a P/E ratio of 23.00, a PEG ratio of 0.58 and a beta of 0.16. 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 fifty-two week low of $105.53 and a fifty-two week high of $176.41. The stock has a 50-day simple moving average of $148.59 and a 200-day simple moving average of $143.96.
ExxonMobil Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 15th were given a $1.03 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.12 annualized dividend and a yield of 3.0%. ExxonMobil’s dividend payout ratio is 69.48%.
Analyst Ratings Changes
Several research firms have recently issued reports on XOM. BNP Paribas Exane set a $165.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, April 17th. UBS Group raised their target price on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Bank of America upgraded ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Tuesday, June 16th. Zacks Research downgraded ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Wells Fargo & Company raised their price objective on shares of ExxonMobil from $183.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Eleven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $165.70.
Key Stories Impacting ExxonMobil
Here are the key news stories impacting ExxonMobil this week:
- Positive Sentiment: ExxonMobil received a legal boost when the Supreme Court revived its billion-dollar Cuba claim, which could support future recoveries if the case ultimately goes Exxon’s way.
- Positive Sentiment: ExxonMobil’s application to expand its footprint in Guyana points to continued investment in a key growth region, reinforcing the company’s long-term production potential.
- Positive Sentiment: Analyst and investor commentary continues to frame ExxonMobil as a dividend and value play, which may help limit downside among income-focused investors.
- Neutral Sentiment: Articles comparing ExxonMobil with Enterprise Products and discussing oil stocks broadly suggest investors are still weighing Exxon’s resilience against softer oil prices and midstream alternatives.
- Neutral Sentiment: Commentary on ExxonMobil’s long-term evolution and cash-flow valuation was generally constructive, but did not point to an immediate catalyst.
- Negative Sentiment: Crude oil dropped to its lowest level since the Iran conflict began, which pressured energy shares including ExxonMobil by reducing expected near-term upstream profits.
- Negative Sentiment: President Trump ordered a DOJ probe into ExxonMobil and other oil companies over elevated natural gas prices, creating headline risk and potential regulatory overhang.
- Negative Sentiment: Recent market coverage noted ExxonMobil had already pulled back over the past month, reflecting investor caution as energy prices and sector sentiment softened.
ExxonMobil 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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