Axxcess Wealth Management LLC Reduces Holdings in ExxonMobil Corporation $XOM

Axxcess Wealth Management LLC reduced its position in ExxonMobil Corporation (NYSE:XOM) by 15.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,494 shares of the oil and gas company’s stock after selling 23,153 shares during the period. Axxcess Wealth Management LLC’s holdings in ExxonMobil were worth $21,631,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Cvfg LLC purchased a new stake in shares of ExxonMobil during the first quarter worth about $681,000. Golden Road Advisors LLC grew its position in shares of ExxonMobil by 9.6% in the 1st quarter. Golden Road Advisors LLC now owns 2,136 shares of the oil and gas company’s stock worth $362,000 after acquiring an additional 187 shares in the last quarter. Childress Capital Advisors LLC boosted its holdings in shares of ExxonMobil by 0.6% in the 1st quarter. Childress Capital Advisors LLC now owns 211,859 shares of the oil and gas company’s stock valued at $35,944,000 after buying an additional 1,346 shares during the period. Capstone Wealth Management Group LLC boosted its stake in ExxonMobil by 45.5% in the first quarter. Capstone Wealth Management Group LLC now owns 8,488 shares of the oil and gas company’s stock valued at $1,440,000 after acquiring an additional 2,653 shares during the period. Finally, Flatrock Wealth Partners LLC bought a new position in shares of ExxonMobil during the first quarter valued at approximately $804,000. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

XOM has been the topic of several recent research reports. Bank of America raised 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. Royal Bank Of Canada restated a “sector perform” rating and set a $180.00 price objective on shares of ExxonMobil in a research note on Tuesday, May 5th. JPMorgan Chase & Co. increased their target price on ExxonMobil from $140.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, April 9th. Wolfe Research downgraded shares of ExxonMobil from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 21st. Finally, UBS Group boosted their target price 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. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.45.

Key Headlines 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

ExxonMobil Stock Down 0.0%

ExxonMobil stock opened at $138.84 on Monday. ExxonMobil Corporation has a 52 week low of $105.53 and a 52 week high of $176.41. The stock has a market cap of $575.47 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 0.56 and a beta of 0.17. The company’s 50-day moving average price is $146.22 and its two-hundred day moving average price is $145.57. The company has a current ratio of 1.04, a quick ratio of 0.77 and a debt-to-equity ratio of 0.13.

ExxonMobil (NYSE:XOM) last issued its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. The company had revenue of $83.16 billion during the quarter, compared to analyst estimates of $81.13 billion. ExxonMobil had a net margin of 7.57% and a return on equity of 10.24%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.76 EPS. On average, analysts expect that ExxonMobil Corporation will post 11.69 EPS for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently announced 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 was Friday, May 15th. ExxonMobil’s dividend payout ratio is 69.48%.

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.