5,231 Shares in ExxonMobil Corporation $XOM Purchased by Beto Financial Group LLC

Beto Financial Group LLC acquired a new position in ExxonMobil Corporation (NYSE:XOM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,231 shares of the oil and gas company’s stock, valued at approximately $629,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of ExxonMobil in the 4th quarter worth about $7,625,063,000. Northern Trust Corp boosted its holdings in ExxonMobil by 1.0% during the 3rd quarter. Northern Trust Corp now owns 44,026,019 shares of the oil and gas company’s stock valued at $4,963,934,000 after acquiring an additional 445,283 shares during the period. Franklin Resources Inc. boosted its holdings in ExxonMobil by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 38,728,643 shares of the oil and gas company’s stock valued at $4,366,655,000 after acquiring an additional 2,660,910 shares during the period. Capital Research Global Investors boosted its holdings in ExxonMobil by 0.4% during the 3rd quarter. Capital Research Global Investors now owns 33,620,927 shares of the oil and gas company’s stock valued at $3,790,773,000 after acquiring an additional 127,466 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in ExxonMobil by 1.0% during the 4th quarter. Fisher Asset Management LLC now owns 31,497,852 shares of the oil and gas company’s stock valued at $3,790,452,000 after acquiring an additional 303,359 shares during the period. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on XOM shares. Mizuho upped their price target on ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Loop Capital set a $123.00 price target on ExxonMobil in a research report on Tuesday, February 3rd. Morgan Stanley decreased their target price on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Citigroup increased their target price on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Finally, Barclays increased their target price on ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $165.55.

Insider Buying and Selling

In other news, VP Darrin L. Talley sold 1,080 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $155.50, for a total value of $167,940.00. Following the transaction, the vice president directly owned 17,124 shares in the company, valued at $2,662,782. This trade represents a 5.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.03% of the company’s stock.

ExxonMobil Stock Performance

Shares of XOM opened at $148.83 on Tuesday. The business’s fifty day simple moving average is $154.85 and its two-hundred day simple moving average is $140.51. 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 12 month low of $101.73 and a 12 month high of $176.41. The company has a market cap of $616.88 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 0.63 and a beta of 0.19.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.98 by $0.18. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same period last year, the business posted $1.76 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Research analysts anticipate that ExxonMobil Corporation will post 11.49 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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 paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, May 15th. 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: Oil prices jumped as Iran suspended nuclear talks and Middle East tensions escalated, boosting ExxonMobil along with the broader energy sector. Exxon’s Stock Is on Track to Snap a 7-Day Losing Streak. What’s Lifting the Oil Sector.
• Positive Sentiment: Oil market supply concerns intensified after reports of potential disruptions in the Middle East, which could support higher crude prices and improve ExxonMobil’s upstream earnings. Oil prices jump after US and Iran exchange strikes; Exxon exec warns inventories could reach ‘unheard of’ lows
• Positive Sentiment: ExxonMobil shares gained on a crude rally triggered by Iran suspending talks, with Brent and WTI prices both moving sharply higher. ExxonMobil (XOM) Stock Jumps Nearly 3% on Crude Rally Triggered by Iran Diplomatic Freeze
• Neutral Sentiment: Analysts turned more constructive on ExxonMobil, including a higher price target from Mizuho, which may help sentiment but does not change near-term fundamentals. Analysts Get Bullish on Exxon Mobil (XOM)
• Neutral Sentiment: Some articles framed ExxonMobil as a top oil stock amid the conflict, reinforcing the bullish narrative for XOM but offering no new company-specific catalyst. This is why Exxon Mobil Corporation (XOM) is the Best Oil Stock to Buy amid the US-Iran War

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.