ExxonMobil Corporation $XOM Shares Bought by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. grew its holdings in ExxonMobil Corporation (NYSE:XOM) by 4.7% during the 1st quarter, Holdings Channel reports. The firm owned 110,219 shares of the oil and gas company’s stock after buying an additional 4,938 shares during the period. ABN AMRO Bank N.V.’s holdings in ExxonMobil were worth $18,933,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in ExxonMobil during the 4th quarter worth about $26,000. Midwest Capital Advisors LLC purchased a new stake in shares of ExxonMobil during the fourth quarter worth about $27,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 purchased a new position in shares of ExxonMobil during the fourth quarter valued at approximately $28,000. Finally, Nvest Wealth Strategies Inc. purchased a new position in shares of ExxonMobil during the fourth quarter valued at approximately $32,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

ExxonMobil Trading Up 0.3%

Shares of XOM opened at $136.48 on Wednesday. ExxonMobil Corporation has a 12 month low of $105.53 and a 12 month high of $176.41. The stock’s 50-day moving average is $148.08 and its two-hundred day moving average is $144.40. 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 stock has a market cap of $565.70 billion, a PE ratio of 23.02, a P/E/G ratio of 0.59 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 (EPS) for the quarter, beating 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 business had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. During the same quarter last year, the firm earned $1.76 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts forecast that ExxonMobil Corporation will post 11.66 earnings per share for the current fiscal year.

ExxonMobil Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup increased their price target on ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Piper Sandler dropped their price objective on shares of ExxonMobil from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Jefferies Financial Group raised their target price on shares of ExxonMobil from $178.00 to $184.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Zacks Research lowered shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, UBS Group boosted their price objective on shares of ExxonMobil from $171.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.55.

ExxonMobil News Summary

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil was highlighted by analysts as a strong integrated energy name, with commentary pointing to solid oil prices, a resilient business model, and attractive valuation metrics such as a low PEG ratio and reasonable P/E multiple. Article Title
• Positive Sentiment: A Seeking Alpha piece reiterated a Buy rating and $170 price target, citing strong profitability, robust cash flow, disciplined spending, and resilient first-quarter execution. Article Title
• Positive Sentiment: ExxonMobil and QatarEnergy said Cyprus gas resources are now marketable, with potential production starting by 2033, reinforcing the company’s long-term exploration upside in the eastern Mediterranean. Article Title
• Neutral Sentiment: Morgan Stanley trimmed its price target slightly to $168 from $171 but kept an Overweight rating, suggesting the research tone remains constructive despite a modest valuation reset. Article Title
• Negative Sentiment: One market note suggested Chevron may have moved faster than ExxonMobil on a major opportunity, hinting at competitive pressure in a key growth area. Article Title

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.