Apella Capital LLC Buys 94,566 Shares of ExxonMobil Corporation $XOM

Apella Capital LLC grew its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 203.6% in the first quarter, Holdings Channel reports. The institutional investor owned 141,022 shares of the oil and gas company’s stock after purchasing an additional 94,566 shares during the period. Apella Capital LLC’s holdings in ExxonMobil were worth $23,926,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in XOM. Berbice Capital Management LLC acquired a new position in ExxonMobil in the 4th quarter valued at approximately $26,000. Midwest Capital Advisors LLC acquired a new stake in shares of ExxonMobil during the 4th quarter worth approximately $27,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of ExxonMobil by 456.1% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 228 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 187 shares in the last quarter. Key Capital Management INC bought a new stake in shares of ExxonMobil during the fourth quarter valued at approximately $28,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of ExxonMobil in the fourth quarter valued at $32,000. Institutional investors own 61.80% of the company’s stock.

ExxonMobil News Roundup

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.

Analysts Set New Price Targets

Several brokerages recently commented on XOM. Zacks Research downgraded shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley dropped their price objective on shares of ExxonMobil from $172.00 to $171.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Scotiabank raised their price objective on shares of ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a report on Wednesday, April 22nd. TD Cowen reiterated a “buy” rating on shares of ExxonMobil in a research report on Monday, June 15th. Finally, Jefferies Financial Group upped 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. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.70.

ExxonMobil Trading Down 0.8%

Shares of ExxonMobil stock opened at $136.41 on Friday. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. The stock has a market capitalization of $565.43 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 0.58 and a beta of 0.16. The company has a 50-day simple moving average of $148.59 and a 200 day simple moving average of $143.96. The company has a quick ratio of 0.77, a current ratio of 1.04 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last released its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.18. The firm had revenue of $83.16 billion for 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%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. Research analysts expect that ExxonMobil Corporation will post 11.86 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. ExxonMobil’s payout ratio is presently 69.48%.

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.