Austin Asset Management Co Inc Boosts Stake in ExxonMobil Corporation $XOM

Austin Asset Management Co Inc grew its position in shares of ExxonMobil Corporation (NYSE:XOM) by 69.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,774 shares of the oil and gas company’s stock after acquiring an additional 4,003 shares during the quarter. ExxonMobil comprises 0.3% of Austin Asset Management Co Inc’s portfolio, making the stock its 28th biggest position. Austin Asset Management Co Inc’s holdings in ExxonMobil were worth $1,658,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of XOM. Norges Bank purchased a new position in shares of ExxonMobil in the 4th quarter valued at $7,625,063,000. Quantum Portfolio Management LLC acquired a new stake in shares of ExxonMobil in the first quarter valued at about $965,932,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of ExxonMobil by 218.4% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,380,899 shares of the oil and gas company’s stock valued at $155,696,000 after buying an additional 2,546,791 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of ExxonMobil by 18.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,997,332 shares of the oil and gas company’s stock valued at $1,925,119,000 after buying an additional 2,465,410 shares during the period. Finally, Van ECK Associates Corp lifted its position in ExxonMobil by 334.4% during the 4th quarter. Van ECK Associates Corp now owns 3,062,497 shares of the oil and gas company’s stock worth $368,541,000 after acquiring an additional 2,357,467 shares in the last quarter. 61.80% of the stock is currently owned by hedge funds and other institutional investors.

ExxonMobil Trading Down 0.0%

XOM opened at $138.84 on Monday. ExxonMobil Corporation has a 12-month low of $105.53 and a 12-month high of $176.41. 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 capitalization of $575.47 billion, a PE ratio of 23.41, a P/E/G ratio of 0.56 and a beta of 0.17. The firm’s fifty day moving average price is $146.22 and its 200 day moving average price is $145.57.

ExxonMobil (NYSE:XOM) last released its earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to the consensus estimate of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 EPS. As a group, research analysts expect that ExxonMobil Corporation will post 11.69 EPS for the current fiscal year.

ExxonMobil Dividend Announcement

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

Key Stories Impacting ExxonMobil

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on XOM. Citigroup restated a “neutral” rating on shares of ExxonMobil in a report on Wednesday. Royal Bank Of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of ExxonMobil in a research report on Tuesday, May 5th. HSBC upped their target price on shares of ExxonMobil from $135.00 to $158.00 and gave the company a “hold” rating in a research note on Friday, March 20th. Barclays raised their price target on shares of ExxonMobil from $163.00 to $182.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Mizuho dropped their price target on shares of ExxonMobil from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock 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.