Fideuram Intesa Sanpaolo Private Banking S.P.A. Boosts Stock Holdings in ExxonMobil Corporation $XOM

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its stake in ExxonMobil Corporation (NYSE:XOM) by 23.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 219,980 shares of the oil and gas company’s stock after acquiring an additional 41,434 shares during the period. ExxonMobil makes up 1.3% of Fideuram Intesa Sanpaolo Private Banking S.P.A.’s portfolio, making the stock its 13th largest holding. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in ExxonMobil were worth $37,322,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in XOM. Berbice Capital Management LLC bought a new position in ExxonMobil during the fourth quarter valued at approximately $26,000. Midwest Capital Advisors LLC bought a new stake in ExxonMobil in the fourth quarter worth $27,000. E Fund Management Hong Kong Co. Ltd. raised its stake in ExxonMobil by 456.1% during 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 purchasing an additional 187 shares in the last quarter. Key Capital Management INC purchased a new stake in ExxonMobil during the fourth quarter valued at $28,000. Finally, Nvest Wealth Strategies Inc. bought a new position in ExxonMobil during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 61.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on XOM shares. Citigroup boosted their target price on shares of ExxonMobil from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Weiss Ratings lowered ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. TD Cowen cut their target price on ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. UBS Group raised their price target on ExxonMobil from $171.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Jefferies Financial Group boosted their price objective on ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Eleven investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, ExxonMobil has an average rating of “Moderate Buy” and an average target price of $164.70.

ExxonMobil Price Performance

Shares of XOM stock opened at $136.46 on Tuesday. ExxonMobil Corporation has a twelve month low of $105.53 and a twelve month high of $176.41. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $147.37 and a two-hundred day simple moving average of $144.79. The stock has a market capitalization of $565.62 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 0.58 and a beta of 0.17.

ExxonMobil (NYSE:XOM) last announced its quarterly 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. The firm had revenue of $83.16 billion for the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a return on equity of 10.24% and a net margin of 7.57%.The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 earnings per share. On average, analysts predict that ExxonMobil Corporation will post 11.9 EPS for the current fiscal year.

ExxonMobil Announces Dividend

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