Blair William & Co. IL Buys 4,863 Shares of ExxonMobil Corporation $XOM

Blair William & Co. IL increased its stake in ExxonMobil Corporation (NYSE:XOM) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 968,137 shares of the oil and gas company’s stock after acquiring an additional 4,863 shares during the period. Blair William & Co. IL’s holdings in ExxonMobil were worth $116,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of XOM. Eagle Capital Management LLC lifted its stake in shares of ExxonMobil by 15.3% in 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 acquiring an additional 376 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of ExxonMobil in the 1st quarter valued at about $305,000. Sivia Capital Partners LLC lifted its stake in shares of ExxonMobil by 1.9% in the 2nd 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 lifted its stake in shares of ExxonMobil by 2.8% in the 2nd quarter. United Bank now owns 21,821 shares of the oil and gas company’s stock valued at $2,352,000 after acquiring an additional 600 shares during the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in ExxonMobil by 17.4% during the 2nd quarter. Schnieders Capital Management LLC. now owns 36,710 shares of the oil and gas company’s stock valued at $3,957,000 after purchasing an additional 5,443 shares during the period. Institutional investors own 61.80% of the company’s stock.

ExxonMobil Stock Up 0.5%

XOM stock opened at $141.64 on Wednesday. ExxonMobil Corporation has a fifty-two week low of $105.53 and a fifty-two week high of $176.41. The business’s 50 day moving average price is $151.31 and its two-hundred day moving average price is $142.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 1.04. The company has a market capitalization of $587.08 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 0.60 and a beta of 0.16.

ExxonMobil (NYSE:XOM) 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. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The firm had revenue of $83.16 billion for the quarter, compared to the consensus estimate of $81.13 billion. During the same quarter in the prior year, the business earned $1.76 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, analysts forecast that ExxonMobil Corporation will post 11.8 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 15th were issued a dividend of $1.03 per share. The ex-dividend date was Friday, May 15th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.9%. ExxonMobil’s dividend payout ratio is 69.48%.

Analyst Upgrades and Downgrades

XOM has been the topic of a number of research analyst reports. Mizuho boosted their price target on ExxonMobil from $159.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Morgan Stanley reduced their price target on ExxonMobil from $172.00 to $171.00 and set an “overweight” rating on the stock in a report on Friday, April 17th. UBS Group boosted their price target on ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings downgraded ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 price target on shares of ExxonMobil in a report on Tuesday, May 5th. Eleven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average price target of $165.70.

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Bank of America upgraded ExxonMobil from neutral to buy and set a $154 price target, saying the shares look undervalued after the recent pullback. Benzinga
• Positive Sentiment: Exxon filed for a 35-well exploration campaign in Guyana’s Stabroek block, reinforcing growth potential in one of its most important long-term assets. Article Title
• Neutral Sentiment: Analysts and media reports continue to highlight Exxon as a possible acquisition player, including speculation around Woodside Energy, but nothing has been confirmed. Article Title
• Neutral Sentiment: Broader energy stocks are weaker pre-market, which adds sector-wide pressure on XOM even as the stock draws positive analyst commentary. Article Title
• Negative Sentiment: Lower crude prices are the main headwind, since a sustained move below $80 could reduce ExxonMobil’s earnings power and slow investor enthusiasm for its upstream growth story. Article Title

About ExxonMobil

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.