Associated Banc Corp Has $64.94 Million Stock Holdings in ExxonMobil Corporation $XOM

Associated Banc Corp lifted its stake in ExxonMobil Corporation (NYSE:XOM) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 539,635 shares of the oil and gas company’s stock after acquiring an additional 5,084 shares during the quarter. ExxonMobil makes up 1.7% of Associated Banc Corp’s portfolio, making the stock its 12th biggest holding. Associated Banc Corp’s holdings in ExxonMobil were worth $64,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of XOM. EverSource Wealth Advisors LLC boosted its holdings in ExxonMobil by 27.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 49,527 shares of the oil and gas company’s stock worth $5,960,000 after purchasing an additional 10,813 shares in the last quarter. Delta Financial Advisors LLC boosted its holdings in ExxonMobil by 1.0% during the fourth quarter. Delta Financial Advisors LLC now owns 25,070 shares of the oil and gas company’s stock valued at $3,017,000 after acquiring an additional 252 shares during the period. Daviman Financial LLC bought a new stake in ExxonMobil during the fourth quarter valued at about $462,000. Karras Company Inc. bought a new stake in ExxonMobil during the fourth quarter valued at about $678,000. Finally, Evoke Wealth LLC boosted its holdings in ExxonMobil by 3.6% during the fourth quarter. Evoke Wealth LLC now owns 46,738 shares of the oil and gas company’s stock valued at $5,624,000 after acquiring an additional 1,639 shares during the period. 61.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ExxonMobil

In related news, VP Darrin L. Talley sold 1,080 shares of the firm’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 value of $167,940.00. Following the completion of the sale, the vice president owned 17,124 shares of the company’s stock, valued at $2,662,782. This trade represents a 5.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on XOM. Piper Sandler decreased their price target on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. JPMorgan Chase & Co. upped their price target on shares of ExxonMobil from $140.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, April 9th. Mizuho upped their price target on shares of ExxonMobil from $140.00 to $162.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Morgan Stanley decreased their price target on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a report on Friday, April 17th. Finally, Loop Capital set a $123.00 price target on shares of ExxonMobil in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.95.

ExxonMobil Stock Performance

Shares of ExxonMobil stock opened at $154.82 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.04 and a quick ratio of 0.77. The firm has a market cap of $641.71 billion, a P/E ratio of 26.11, a P/E/G ratio of 0.68 and a beta of 0.19. The firm has a 50 day simple moving average of $155.79 and a 200 day simple moving average of $138.95. ExxonMobil Corporation has a fifty-two week low of $101.18 and a fifty-two week high of $176.41.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The business 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 earnings per share. Sell-side analysts predict that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy signed a preliminary deal with Egypt to study development of Cyprus gas discoveries, opening a possible path to export gas through Egypt’s LNG infrastructure to Europe. Reuters: QatarEnergy, ExxonMobil sign deal with Egypt to study Cyprus gas development
• Positive Sentiment: Reports that ExxonMobil may be in talks to regain rights to produce oil in Venezuela suggest a potential long-term growth opportunity if the company can re-enter a major resource base. Reuters: Exxon may acquire rights to produce oil in Venezuela
• Positive Sentiment: Rising crude prices are also supportive, with WTI above $95 per barrel boosting Permian oil and associated gas activity, which could improve ExxonMobil’s upstream revenue and cash flow. Zacks: More Gas Per Barrel of Oil: A Growth Lever for Permian Operators
• Neutral Sentiment: Additional coverage highlighted ExxonMobil’s low-debt balance sheet and ongoing ability to fund dividends and projects, reinforcing the company’s financial resilience. Zacks: ExxonMobil’s Resilience: What Sets it Apart in Uncertain Times
• Neutral Sentiment: Technical commentary said XOM is pulling back after a breakout and testing support levels, which traders may be watching for confirmation of the broader uptrend. FXEmpire: ExxonMobil (XOM) Price Forecast
• Negative Sentiment: Governance-related headlines, including Exxon’s clash with proxy advisers ISS and Glass Lewis, may keep some pressure on the stock by adding uncertainty around the Texas move and shareholder voting dynamics. WSJ: Exxon Blasts Proxy Advisers for Conflict of Interest in Fight Over Texas Move

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.