Deprince Race & Zollo Inc. Lowers Holdings in ExxonMobil Corporation $XOM

Deprince Race & Zollo Inc. reduced its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 10.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 264,700 shares of the oil and gas company’s stock after selling 30,695 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in ExxonMobil were worth $44,909,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of XOM. James Investment Research Inc. boosted its stake in shares of ExxonMobil by 17.5% in the first quarter. James Investment Research Inc. now owns 33,766 shares of the oil and gas company’s stock worth $5,729,000 after buying an additional 5,033 shares during the last quarter. Vertrix Wealth Management LLC purchased a new position in ExxonMobil during the first quarter valued at approximately $634,000. Tcfg Wealth Management LLC lifted its holdings in ExxonMobil by 1.1% in the first quarter. Tcfg Wealth Management LLC now owns 9,126 shares of the oil and gas company’s stock valued at $1,548,000 after acquiring an additional 103 shares during the period. IFM Investors Pty Ltd boosted its position in ExxonMobil by 4.2% in the 1st quarter. IFM Investors Pty Ltd now owns 832,489 shares of the oil and gas company’s stock worth $141,240,000 after purchasing an additional 33,726 shares in the last quarter. Finally, Rexford Capital Inc. grew its stake in shares of ExxonMobil by 4.6% during the 1st quarter. Rexford Capital Inc. now owns 10,314 shares of the oil and gas company’s stock worth $1,750,000 after purchasing an additional 449 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Stock Down 0.0%

XOM opened at $137.03 on Monday. The company has a market cap of $567.99 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 0.58 and a beta of 0.17. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a 50-day moving average price of $147.37 and a 200 day moving average price of $144.79. 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 posted its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping 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 company had revenue of $83.16 billion for the quarter, compared to analysts’ expectations of $81.13 billion. During the same period in the previous year, the firm posted $1.76 EPS. ExxonMobil’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts expect that ExxonMobil Corporation will post 11.9 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

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

Key Stories Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: ExxonMobil and QatarEnergy reached a key milestone in their Cyprus offshore gas project, with a Declaration of Marketability helping advance the Glaucus and Pegasus fields toward development. That supports Exxon’s long-term growth pipeline. XOM, QatarEnergy Reach Milestone in Cyprus Offshore Gas Development
• Positive Sentiment: TD Cowen kept a buy rating on ExxonMobil while lowering its price target to $155 from $172, which still implies upside from current levels and suggests Wall Street remains constructive on the stock.
• Positive Sentiment: A Seeking Alpha piece upgraded ExxonMobil, arguing the valuation is attractive and that the company has overlooked market opportunities. That reinforces the view that XOM may have room to rerate. ExxonMobil: I’m Re-Entering As Valuation Is Attractive With Overlooked Market Opportunities (Rating Upgrade)
• Neutral Sentiment: Exxon completed its legal redomicile from New Jersey to Texas and also won a Supreme Court ruling that revives an old lawsuit, removing some uncertainty but not directly changing the operating outlook. Exxon (XOM) flashes key signals on New Jersey exit
• Neutral Sentiment: Analyst and media coverage noted that Exxon can still grow production even with oil below $70, and a bullish market note said the company could outperform if cash flow remains strong. These are supportive but largely restate Exxon’s resilience. Can ExxonMobil’s Upstream Business Thrive With Oil Below $70?
• Negative Sentiment: President Trump is pressuring Big Oil to lower gasoline prices ahead of the midterm elections, which could increase political scrutiny on ExxonMobil and the broader sector if margin pressure follows. Big Oil heads for biggest profits in years as Trump pushes for lower gas prices

Wall Street Analyst Weigh In

A number of analysts recently issued reports on XOM shares. Bank of America raised shares of ExxonMobil from a “neutral” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Tuesday, June 16th. Citigroup raised their target price on ExxonMobil from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, April 2nd. BNP Paribas Exane set a $165.00 price target on ExxonMobil and gave the company a “neutral” rating in a research note on Friday, April 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of ExxonMobil in a report on Tuesday, May 5th. Finally, Scotiabank increased their price target on ExxonMobil from $128.00 to $163.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, April 22nd. Eleven analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.70.

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.