Duncker Streett & Co. Inc. Has $16.81 Million Stake in ExxonMobil Corporation $XOM

Duncker Streett & Co. Inc. lifted its position in ExxonMobil Corporation (NYSE:XOM) by 5.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,105 shares of the oil and gas company’s stock after purchasing an additional 5,027 shares during the period. ExxonMobil accounts for about 3.2% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 4th biggest position. Duncker Streett & Co. Inc.’s holdings in ExxonMobil were worth $16,814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of XOM. Nicholas Hoffman & Company LLC. increased its holdings in ExxonMobil by 5.1% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 39,662 shares of the oil and gas company’s stock worth $6,729,000 after purchasing an additional 1,929 shares during the period. KERR FINANCIAL PLANNING Corp lifted its holdings in shares of ExxonMobil by 6.9% in the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 3,815 shares of the oil and gas company’s stock worth $647,000 after buying an additional 247 shares during the period. Eads & Heald Wealth Management lifted its holdings in shares of ExxonMobil by 0.7% in the 1st quarter. Eads & Heald Wealth Management now owns 16,520 shares of the oil and gas company’s stock worth $2,803,000 after buying an additional 121 shares during the period. WealthPLAN Partners LLC grew its position in shares of ExxonMobil by 49.8% during the 1st quarter. WealthPLAN Partners LLC now owns 17,781 shares of the oil and gas company’s stock worth $3,017,000 after buying an additional 5,909 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC increased its stake in shares of ExxonMobil by 4.5% during the first quarter. Jackson Thornton Wealth Management LLC now owns 9,770 shares of the oil and gas company’s stock valued at $1,658,000 after buying an additional 424 shares during the period. 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 said it is expanding in Nigeria with a $1 billion Usan Infill Project, which is expected to restore drilling activity there and add about 40,000 barrels per day within 18 months. Article Title
• Positive Sentiment: Analysts say strong commodity tailwinds, including higher crude prices and margin gains, could lift XOM’s second-quarter results and support near-term earnings strength. Article Title
• Positive Sentiment: Oil-market commentary suggests major U.S. producers, including ExxonMobil, could benefit financially from geopolitical disruption and higher crude prices, without needing to materially increase drilling right away. Article Title
• Neutral Sentiment: Some market coverage says XOM’s valuation looks reasonable on earnings, but the stock may be stretched after a large multi-year run, which could limit upside if expectations get too high. Article Title
• Negative Sentiment: Mizuho lowered its price target on ExxonMobil to $170 and kept a neutral stance, signaling less aggressive upside expectations from one Wall Street firm. Article Title
• Negative Sentiment: Recent trading commentary noted XOM underperformed the broader market in a down session, reflecting investor caution around energy stocks when crude prices soften. Article Title

ExxonMobil Stock Up 1.0%

Shares of NYSE XOM traded up $1.38 during mid-day trading on Friday, reaching $138.84. 9,747,202 shares of the company were exchanged, compared to its average volume of 16,727,811. ExxonMobil Corporation has a 1 year low of $105.53 and a 1 year high of $176.41. The firm has a 50-day moving average of $146.22 and a 200 day moving average of $145.38. The stock has a market cap of $575.47 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 0.56 and a beta of 0.17. 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 earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.18. The company 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 firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. On average, research analysts expect that ExxonMobil Corporation will post 11.69 earnings per share for the current year.

ExxonMobil Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on XOM. Zacks Research downgraded ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. TD Cowen cut their target price on shares of ExxonMobil from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Jefferies Financial Group boosted their price target on shares of ExxonMobil from $178.00 to $184.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Barclays upped their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings downgraded shares of ExxonMobil from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, ExxonMobil presently has a consensus rating of “Moderate Buy” and an average price target of $164.45.

ExxonMobil 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.